Foreign VCs reduce Indian real estate investments

August 6, 2008 at 3:50 pm Leave a comment

Indian rupee

Venture Capital Funds (VCFs) and Foreign Venture Capital Investors (FVCI) have reduced their investment in real estate companies during the June-2008 quarter. However, the overall investment by VCFs and FVCI rose a modest 2.2 per cent to Rs 32,379 crore against March quarter figure of Rs 31,682 crore, according to a latest data available with SEBI.

The report has been compiled on the basis of quarterly information submitted to SEBI by registered VCFs and FVCIs.

While flows into real estate fell nearly 14 per cent to Rs 6,286 crore from March end quarter figure of Rs 7,285 crore; the other sector that took a hit was biotechnology, where their investment slipped to Rs 346 crore from Rs 385 crore.

However, media, Industrial and services sectors witnessed growth in inflow from VCFs and FVCI.

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Entry filed under: Funds-Investments. Tags: , , , , , .

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