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Speaking on the sidelines of a conference in Mumbai, Krishna said he was looking to take equity stakes in developers and exit through initial public offerings in three or four years time. 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 […] â??They need to juice up their returns,â? Krishna said of the willingness of investors to dabble in relatively high risk Indian realestate.
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