PE investments up three-fold to $1.4 bn in February led by IIFL, ASK Group

Biggest investment worth $170 min was led by IIFL's purchase of 30% stake in NSDL e-governance infrastructure from IDBI Bank

Private equity (PE) investments in February rose three-fold in terms of value to $1.4 billion from $393 million, a year ago.

Ernst & Young's (EY) monthly PE tracker data, however, shows, the investments in value were down by 60 per cent compared to $3.5 billion in January 2018, due to absence of a megadeal.

January 2018 had witnessed a large investment worth $1.7 billion in HDFC Limited by a group of investors including GIC, KKR and others.

The largest investment in February 2018 was worth $170 million, led by IIFL's purchase of 30 per cent stake in NSDL e-governance infrastructure from IDBI Bank. This