In yet another private equity deal, the Euronext-listed real estate investment firm Yatra Capital will pick up 49 per cent in a JV with Kolte Patil Developers, a realty developer, for ¤21.6 million . | |
| This is Yatra Capital's first investment out of the 100 million euro funds that it raised from listing in Amsterdam-based Euronext in December last year. The JV will initially develop premium residential properties in Bavdhan, Khondwa, Kharadi in Pune. |
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| Commenting on this investment, Sir Nigel Broomfield, Chairman, Yatra Capital, said, "We are very pleased to announce our first investment in India which is a joint venture with a leading, experienced and internationally accredited real estate partner, Kolte Patil Developers. |
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