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IL&FS PE exiting Phoenix United Mall project at Agra with a haircut

By Swet Sarika

  • 10 Apr 2014

IL&FS Investment Managers Ltd (IIML) or IL&FS PE, the country’s largest home-grown private equity firm by assets under management (AUM), has negotiated an exit for its investment in Phoenix United Mall project located at Agra, at a loss.It had invested €4.04 million ($6 million or Rs 23.4 crore) in November ......

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