Indiareit completes property exits, targets new fund
Indiareit Fund Advisors, the real estate PE arm of Piramal Enterprises, has raised INR4.4 billion ($80 million) on exiting three of its investments and is now preparing to raise another offshore fund worth up to $350 million.
According LiveMint, the exits included a phased stake sale in a special economic zone, a residential project in Pune and another residential project in Mumbai's western suburbs. In Pune, Indiareit sold...
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