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. 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 [...]
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