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Real Estate Briefing - Categorized | Market Moves, Private Equity more

IL&FS fund may raise funds via realty exits

Posted on 18 August 2010

From Indiatimes.com: IL&FS Investment Managers (IIML), the country’s largest private equity fund, is close to exiting at least six of its investments, mainly in the real estate sector by the end of the current fiscal.
The private equity firm, with over $2.8 billion of assets under management, will raise around Rs 1,500-2,000 crore through the exits, which are mainly due to the maturing of the investment horizon, according to vice chairman Shahzaad Dalal. The returns could average 25-30% from the real estate investments that were made about five years ago……………………………………….Full Article: Source


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