In exits, the Patni exit came after a 10 year wait for a paltry $1.5 bln valuation ( $1.2 bln at Year end exchange rates) The BPO giant Intelenet also found it difficult to close the deal, finally settling for $600 mln for Blackstone's exit by selling tio Serco. Serco has thence not ramped operations in India too much either.

Warburg Pincus made some good profits in its sale of 4% of Kotak mahindra for a good price on the exchanges with $245 mln in its kitty. it still holds another 6% but has exited most of its other investments like Vaibhav Gems and even Max India

As the Indian Telecom story merged int ot he global mainstream saga of despair and degrowth, ChrysCap was able to get out of Idea Cellular, its 2.7 percent stake fetching $170 mln

Last in the list, Siemens had to bide its time for its venture to exit BIAL selling 14% of the airport to ROFR holder GVK after a wait of 3 years for Rs 6.14 bln or $120mln.

Siemens Project Ventures, which typically puts in $130 million-$1.3 billion in a project, has invested in 14 international power plant projects, with an overall capacity of more than 8,000 MW, as well as in three telecommunications projects, two medical centres and an airport, with a cumulative project volume of $10 billion.

Posted via email from The India Investment Post