This unit of Indiaâ??s Kotak Mahindra Bank hopes

March 16th, 2010 01:45pm

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%. Initial public offerings have become a drawn out process as regulators pick through applications in response to criticisms that firms are overvaluing their land. 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. â??They need to juice up their returns,â? Krishna said of [...]
Boston Real Estate

Information is deemed reliable but not guaranteed.

Entry Filed under: south-bay-real-estate