And Dev realestate Development, listed on Londonâ??s Alternative

March 14th, 2010 09:45pm

And Dev realestate Development, listed on Londonâ??s Alternative Investment Market in January. Kotakâ??s first fund joined private equity group Warburg Pincus by taking a $10-million stake Lemontree Hotels, a new firm that is building business hotels across India. This unit of Indiaâ??s Kotak Mahindra Bank hopes to attract pension funds and other institutional investors, mostly from Europe, with an internal rate of return target of around 25%. And the valuation issue has hit performances by recent debutantes such as Mumbai-listed Akruti Nirman Ltd. Chief Investment Officer Hari Krishna, who [...]
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