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Report: Hong Kong-based private equity firm to enter India

Hong Kong-based private equity firm PAG is looking to enter the Indian market "soon" and is in the process of setting up its leadership team for the South Asian country, Mint (New Delhi) reported July 5, citing two people close to the development.

PAG manages over US$20 billion in capital from investments in the private equity, real estate and absolute returns markets. It was established in 2002 and focuses on Asia, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, Tokyo, Singapore, Sydney and Seoul, according to its website.

Email queries to a PAG spokesperson did not elicit any response till press time, Mint noted.