Apollo plans India launch

According to LiveMint, Mintoo Bhandari, managing director of AGM India Advisors, said $1 billion worth of capital could be deployed over the next 12 months if the environmental conditions are right. These deals would likely be in the real estate, auto, media, oil and gas and resources segments.

Apollo has made two investments in India to date - in Welspun group last month and Dish TV India in 2009 - which is sparse in comparision to its global private equity competitors who have been in the market for five years. To this end, Bhandari told LiveMint that, "We have been methodical, cautious and deliberate in our approach in adopting the strategy of Apollo to India. Perhaps we have been too cautious, but regardless, the result is that we haven't done as much as many other firms. We have done only things that play to our strengths and to which we can add a lot of value."

Potential investments and partnerships in India have emerged, and while Apollo's presence in other BRIC markets has also been stringent, Bhandari said this is set to change.

Apollo is the world's sixth largest private equity investor by assets, claiming $72 billion under management. In March, the firm debuted on the New York Stock Exchange, raising $565 million. Due to the economic climate, its shares dropped 4% on its first day of trading.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Apollo Global Management