New Delhi. Private equity (PE) and venture capital (VC) investments more than doubled in July to a record $9.5 billion. A report released on Monday said that PE/VC investment has increased due to increased investor interest in the e-commerce sector. PE/VC investments stood at $4.1 billion in the same period a year ago. According to a report by industry lobbying group IVCA and consultancy firm EY, PE/VC activity was up 77 per cent in July as compared to June.

PE/VC investments stood at $5.4 billion in June. There were 19 major deals worth over $100 million in the month under review. The total value of these deals was $8.2 billion. There were 10 big deals worth $3.1 billion in the same period a year ago. In June 2021, there were 12 major deals worth $3.6 billion. In terms of numbers, a record was also made in July. A total of 131 deals were announced in July. Last year there were 77 deals in the same month and 110 in June, 2021. Another notable note is that the e-commerce sector received PE/VC investment of $5.8 billion in July. Thus, in 2021, the e-commerce sector has received PE/VC investment of $10.5 billion so far.

In the ‘exit’ perspective, there were 22 such deals worth $965 million in July, the report said. This is much higher than the figure of $134 million as of July 2020. In June, this figure was high i.e. $ 3.2 billion.

Coal India sets capital expenditure target of Rs 17,000 crore for current fiscal

Coal India Limited has set a capital expenditure target of Rs 17,000 crore for the financial year 2021-22, which is about Rs 4,000 crore more than its expenditure last year. An official gave this information on Sunday. He said the company expects cash flow improvement due to rising demand for coal and higher amount from e-auction sale.

“The total capital expenditure for this year is Rs 17,000 crore. This also includes infusion of Rs 3,000 crore into Hindustan Fertilizers and Rasayan Ltd and Talcher Fertilizers Ltd. Also, Rs 1,000-1,500 crore will be spent for railway line construction through a joint venture company.” 13,115 crore was revised from Rs. It is noteworthy that in the wake of the Kovid-19 epidemic, the central government had directed public sector companies to increase their capital expenditure to accelerate growth in the economy.

PE/VC investments touch all-time high of $9.5 bn in July: Report