IL&FS PE takes massive haircut in hotel project

By Swet Sarika

  • 16 Aug 2017
Premium
Credit: Reuters

A realty fund managed by IL&FS private equity has exited its over nine-year-old investment in a hospitality project in Kolkata with a huge haircut, reflecting the continuing tough environment for legacy bets in the sector.Yatra Capital, a Euronext-listed firm dedicated to bet on the Indian real estate space that is ......

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