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Investment firm PAG plans to invest $1 billion in India

Updated : January 22, 2020 06:20 AM IST

Hong Kong-based private equity firm PAG, which has $35 billion of assets under management, on Tuesday said it's is planning to invest $1 billion in Indian markets and is interested in IT outsourcing businesses and pharmaceutical companies.

In an exclusive interview to CNBC-TV18's Nisha Poddar, Weijian Shan, group chairman and chief executive officer, said the fund is interested in the natural gas sector also.

He said, "We have not really pulled the trigger on a major buyout. We have made some smaller investments in this market and we would like to do more. We would like to buyout companies. However, one issue that is grappling us is the valuation as it's typically very high for the Indian market."
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