Morgan Stanley reveals India private equity foray

The burgeoning private equity industry in India received another boon today as investment bank Morgan Stanley said it will launch a unit dedicated to the asset class in the country next month.

Morgan Stanley has hired Aluri Srinivasa Rao, formerly director of life sciences at ICICI Venture, India’s biggest private equity fund, to run the bank’s private equity unit which will launch formally on May 1.

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