India focused real estate investment company Yatra Capital Ltd said it plans to raise 150 mln eur through an equity offering in Netherlands and private placements.
In a release, Yatra said it will use the proceeds to invest in Indian real estate development projects identified by its Mauritius-based subsidiary, K2 Property Ltd.
K2 Investment Committee, its advisor, has identified further financing opportunities of 231 mln eur and in order to fund this pipeline projects, Yatra will raise 150 mln eur with the right to increase the offer size.
Since its initial capital raising in Dec 2006, Yatra has committed to investing 88.4 mln eur through ten investments in India.(Forbes)