According to the source, it was revealed that Apollo Global Management would invest about USD 500 million to Indian steel pipe manufacturer, Welspun group. This is the second biggest private equity investment in India.

It has been observed that the numbers of deals by the private equity firms are increasing rapidly. Some of the private firms include 3i Group Plc and Blackstone Group that are hoping for new investment opportunities.

This year India saw 61 private equity buy outs worth USD 3.3 billion, up by 21.6% from the same period last year whereas private equity-backed M&A in the first six months of 2011 was the highest for the first half of any year reported so far.

It has been also reported that big firms like Bain Capital and GIC invested about USD 850 million in Hero Honda. This year is becoming more important and helpful in the fields of share market.

Shares of Welspun Corp, which supplies steel pipes to top oil companies such as Royal Dutch Shell, Exxon Mobil and BP Plc is valued at USD 768.5 million and have risen more than 5%.

Citi group said: “Welspun is strongly levered to an expected pickup in global demand for... pipes used primarily in oil and gas transportation. This is borne out by the fact that a number of projects which were earlier put on hold are now being revived; particularly in the US We believe that investments in gas-transportation infrastructure across the globe should also boost pipe demand.”