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. Chief Investment Officer Hari Krishna, who has already invested in a domestic $100-million fund raised, says the new seven-year fund will close next month. This unit of Indiaâ??s Kotak Mahindra Bank hopes to attract pension funds and other institutional investors, mostly from Europe, with [...]
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