India: Piramal’s Jayesh Desai, Morgan Stanley’s Aluri Srinivasa Rao quit

The Indian private equity industry has witnessed two major exits with Jayesh Desai, co-head of Piramal Capital’s Structured Investments Group (SIG), and Aluri Srinivasa Rao, managing director for India at Morgan Stanley Private Equity, deciding to quit their respective firms, according to at least two people aware of the development.