And the valuation issue has hit performances by
And the valuation issue has hit performances by recent debutantes such as Mumbai-listed Akruti Nirman Ltd. Kotak Realty Funds is raising $350-million for realestate joint venture projects in India and stakes in developer projects, to help the latter, who have witnesses a narrowing of their fund sources. Kotakâ??s first fund joined private equity group Warburg Pincus by taking a $10-million stake [...] Speaking on the sidelines of a conference in Mumbai, Krishna said he was looking to take equity stakes in developers and exit through initial public offerings in three or four years time.
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