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IL&FS PE exits The Phoenix Mills with a haircut

By Shruti Ambavat

  • 13 Jun 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 exited its seven-year-old investment in The Phoenix Mills Ltd, the country’s seventh-largest property developer by market cap, at a loss.This was one of the rare enterprise or entity level ......

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