TPG's Bonderman says Modi euphoria makes Indian companies overvalued

♠ Posted by at Saturday, September 27, 2014 in ,,,,,, at Saturday, September 27, 2014

David Bonderman, founding partner at global private equity major TPG (formerly Texas Pacific Group) has said the euphoria surrounding the election of Narendra Modi as the new Prime Minister of India, which has buoyed stock market valuations to new highs, has made India overpriced.

“There are times when places like India are cheap. That isn't the case now; so we have to be cautious," Bonderman said Read More..

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