March 2011
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PE investments down 54% in Feb: Report

Private equity investments in Indian companies declined 54 per cent to US $324 million in February, over the same month a year-ago. “The second month of 2011 saw US $324 million of private equity investments in Indian companies, 54 per cent down from the investments of US $699 million for the same month last year,” according to a report by financial consultant Four-S Services. Besides, the total number of deals announced in February 2011 was lower than that in the year-ago period. In February this year, 22 PE deals were announced, against 23 deals in the same month last year. The year 2011 has so far witnessed investments worth US $755 million, compared to US $1.15 billion for the same period (January-February) last year. […]

Kotak Realty in largest RE fund exit

Kotak India Real Estate Fund I today announced the sale of Peepul Tree Properties Private Limited (Peepul Tree Properties), a wholly-owned undertaking, to Tata Realty Initiatives Fund 1 for an enterprise value of Rs. 525-crore (USD 117-million), thereby scripting India's largest RE fund exits. Peepul Tree Properties owns an IT park in the Mumbai suburb of Goregaon, which has been 96 per cent leased to marquee tenants such as Accenture, HP, BNP, Tata AIG, BOB Legal and General, Integron and Prana Studios. On an initial equity investment of Rs. 95-crore, Kotak India Real Estate Fund I has received over Rs. 400-crore from the exit, including internal accruals, a press release issued here stated. The exit has many firsts to its credit. […]