Taking into consideration their $1.08 billion investments in the debt market, total FII investment, as on on Tuesday, was pegged at $51.06 billion. Although their investment aggregated at $50 billion now, the market value of the investment at the current exchange rate of Rs 44.68 per dollar is a whopping $ 117.13 billion (Rs 5,25,280 crore).

The torrent of cash flowing into private equity coffers is expected to make 2007 another active year for taking companies private. The wish for such returns is likely to increase as these investors take a closer look at their future liabilities for pensions and retiree health care.