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March 28, 2010

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

 

Filed under: blackberry-cell-phones — Admin @ 6:16 pm


And Dev realestate Development, listed on Londonâ??s Alternative Investment Market in January. 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%. 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. 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 [...]
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