Euronext NA-listed Yatra Capital, an India-focused real estate fund, is planning to raise a fresh capital of €150 million (Rs840 crore).This will be Yatra’s second fund. The first fund of €100 million was raised in December 2006. The new fund offer opened on Tuesday and is expected to close over the next three weeks, said Yatra’s founder and managing director, Ajoy Kapoor. The offer consists of a public offering in the Netherlands and a private placement with institutional investors. Since raising its initial capital, Yatra has committed to or acquired investments totalling €88.4 million, mostly in tier-II cities such as Pune. It also has €77.46 million euros of investments in the works.
ABN AMRO Rothschild and Fairfax IS Plc. are the joint global coordinators and joint book-runners to the issue. Yatra has so far invested in 10 properties in tier-II and III cities and is looking for opportunities in major metros. It also is evaluating opportunities in smaller tier-IV towns.
Read more in The Live Mint article.
No comments:
Post a Comment