Private Equity: Pricing imagination

By: Shishir Prasad/ Forbes India

The private equity scene has made a decisive turnaround and HNIs are pouring money in decade-long bets. Time was when the initial public offering of Infosys Technologies struggled to find investors and the lead managers had to underwrite the issue. And what a killing they made! The equity stake they picked up was worth more than 11 times in just seven years despite the dotcom meltdown.

This legend has driven countless investors to try and score the