Corporates' love for PEs to continue as IPOs dry up: Surey

With the primary market issues or initial public offerings (IPO) market almost dead for over a year now, a majority of corporates are looking to raise capital through the private equity route this year, a survey by the global consultancy Grant Thornton has found. As many as 60 percent of the corporates polled in the survey on the country's private equity and mergers and acquisitions landscape have said they will be looking at the PE route, the survey findings released today said. Hitting the capital markets through a public float, the preferred route for many years, has been relegated to the third position with only seven percent of the respondents saying they will opt for it in the mid-to-short term.

Source: Economic Times