Citigroup gears up for Indian private equity spree

The private equity arm of investment bank Citigroup is looking to deploy almost $2bn (€1.4bn) in India this year after buyout investment in the country tripled in 2007.

Ajay Relan, managing director at CVC International, said the firm expects to invest “at least $1.8bn in 2008”, according to a report in India's Economic Times.

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