ICICI Prudential exits Indian residential investment
ICICI Prudential AMC, a joint venture between India’s ICICI Bank and Eastspring Investments, has exited investments in two Shriram Properties residential projects in Bangalore with returns upwards of 20%.
The ICICI Prudential PMS Real Estate Securities Portfolio Series invested INR50 million ($866,000) into the Suhana and Sahana mid-market residential apartments in 2009. It exited with an IRR of 27% according...
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