Kotakâ??s first fund joined private equity group Warburg
Kotakâ??s first fund joined private equity group Warburg Pincus by taking a $10-million stake Lemontree Hotels, a new firm that is building business hotels across India. â??They need to juice up their returns,â? Krishna said of [...] 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%. Initial public offerings have become a drawn out process as regulators pick through applications in response to criticisms that firms are overvaluing their land.
Boston Real Estate
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