Two of the world's largest investors discuss the country's ever-growing investment landscape.
When one door closes, another one opens, that has been the playbook for 2021 and possibly even going forward, since the pandemic ensued. The global economic crisis whether good or bad, has been a catalyst for several new investment avenues for corporates and sovereign funds. Deal-making in India has evolved by leaps and bounds giving opportunity to steer companies towards restructuring, mergers and acquisitions and reassessing their financial capabilities.
As part of India’s recent economic playbook, it has seen an influx of investments, the recent one being that from Brookfield Asset Management (BAM), the Canadian asset manager with over $ 540 billion AUM. INDIS, the Indian realty firm received one of the largest investments from the asset manager to the tune of Rs. 1000 crore in five housing projects. At the time, the BAM’s India head was reported to state that the asset manager plans to continue its investment spree as it scales up investments across financial services apart from real estate.
[box type=”shadow” align=”” class=”” width=””]This isn’t the first time has set aside funds that exclusively invest in India’s ever-evolving sectors. But, giving further clarity on the matter, is none other than the Bruce Flatt, CEO at BAM, who will speak about the shift in the playbook of private capital at the Global Business Summit (GBS) 2022.[/box]
Tomorrow will be the first day of the two-day summit, where Flatt will be joined by dignitaries from across India and the world talking about the possibility of a resurgence of businesses. The exclusive event would give access to some of the key discussions revolving around the Indian economy and the world.
As a part of the evolving Indian corporate landscape, the country has also witnessed a large influx of unicorns, particularly in the form of initial public offerings. The country saw another large overseas investor last year grabbing some of the largest stocks when the bulk of the tech startups ensued public listings. Softbank, the Japanese tech-focussed investor had recently invested virtually close to 10% of all unicorns in the Indian market, or so, said Masayoshi Son, the founder of the firm. The reported amount invested till date, in Indian firms has reached close to around $14 billion, giving the firm the title of the largest foreign investor. It has been reported that this has been part of the firm’s plan to invest $5 billion in India, of which more than half had been invested last year alone. Paytm, Policybazaar, Delhivery, Unacademy, Grofers and Oyo are some of the popular firms under this investor’s asset bucket.
[box type=”shadow” align=”” class=”” width=””]The momentum of investment seems to continue as Rajeev Misra, CEO, SoftBank Vision Fund, will give us a closer perspective into the burgeoning landscape of Indian unicorns. Last year, he stated that the firm could invest close to $ 10 billion in the current year, if they find the right valuations within the country.[/box]
Bruce Flatt and Rajeev Misra will join a whole of host international speakers at the two-day exclusive virtual event that will cover some of the finer aspects of economic resurgence for enterprises.
Registrations are open for the event, and one can log in here to register to the ET GBS
Written By Anupama Sughosh
Edited by Queenie Nair