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Yatra Capital Ltd, an India-focussed real estate investment company, has raised €105 million from the Euronext exchange in Amsterdam. Yatra would be the first Indian real estate company to list in Euronext.

Yatra Capital, founded by ex-HSBC executive Ajoy Veer Kapoor, has investors like Morley Fund Management, Fortis Investments and Standard Life. Yatra plans to own and develop residential, commercial and retail properties in India. Its primary focus will be on tier II and tier III cities. It will also consider select tier I opportunities.

Saffron Capital Advisors, an asset management advisory firm dedicated to Indian real estate, will act as fund and asset manager to the company. The law firm Simmons & Simmons team was an advisor to Yatra. ABN AMRO was involved as a listing agent and Fairfax IS Plc was a placing agent.

It's not Yatra alone, there were other companies like Ishaan Real Estate who have raised finance abroad. Ishaan, for instance, recently raised $340 million from London's Alternative Investment Market. Hiranandani Constructions is planning a $500-750 million float in AIM. Unitech also plans to raise about $700 million from AIM. Bangalore's Embassy group is looking to do a float in Singapore early next year.

Related:

Raheja's Ishaan Real Estate Raises $342 Million From London Stock Exchange

Hiranandani Constructions Too To Raise $750 Million From London's AIM

Unitech To Raise $700 Million From London's AIM

Bangalore's Embassy Group Plans Singapore IPO For Its Proposed REIT