VIDEO: ChrysCapital's Gulpreet Kohli
Despite India’s investment landscape has become expensive in recent years, ChrysCapital’s MD Gulpreet Kohli identifies some pockets of opportunity that make the market compelling
Kohli tells AVCJ TV that prices are generally between 25% and 30% higher than their historic rates, driven up by the mounting congestion in the market.
"Some of the deals in the private equity space are actually being very highly priced so you have to be very careful in how you're looking at deals," he says. "There are some sectors that are overpriced, but you're seeing some value in the domestic construction side and the export-oriented sectors. But in general the valuations today are trending at 25 to 30% higher than historical 15-year averages."
ChrysCapital, which claims to be India's top construction investor, has maintained momentum by largely focusing on its exit strategy over the past year and a half, offloading more than $1 billion worth of assets in that time, he says.
Read about ChryCapital's recent stake acquisition in NCC in AVCJ.
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