VCCircle

Hyderabad-based IVRCL Infrastructure & Projects is a good play in Indian infrastructure. Private equity funds like ChrysCapital has made quite a bit of money from IVRCL, although the fund sold its holdings in May 2005 when the stock prices were ruling at Rs 450 ($10). It made 400 per cent return on $9 million investment. [Dhawan would be regreting that now since IVRCL share is currently trading at Rs 1,000-levels ($22).]

The Economic Times reports that it's "exploring the option of roping in a strategic equity partner to add value to its business portfolio of construction and real estate development". It's willing to sell upto 24 per cent of its stake, the paper reports. “We would be interested if a strategic investor walks in with something that can add value to our business,” vice-chairman and MD E Sudhir Reddy told ET.