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IL&FS PE exits legacy real estate portfolio firm with puny returns

By Swet Sarika

  • 17 Jul 2020
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IL&FS PE exits legacy real estate portfolio firm with puny returns
Credit: 123RF.com

IL&FS Investment Managers Ltd, the private equity arm of Infrastructure Leasing & Financial Services Ltd, has divested its stake in a real estate project that it had backed more than a decade ago and got stuck in a legal tangle. IL&FS PE has sold its stake in DB (BKC) Realtors Pvt. ......

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