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Indiareit plans two new funds to raise `1,350 cr

Indiareit Fund Advisors Pvt. Ltd, the real estate fund promoted by Piramal group chairman Ajay Piramal plans to raise around Rs.1,350 crore in a debt fund and a rental yield fund early next year. The debt fund will lend to property developers and the rental yield fund will invest in information technology parks and commercial offices in Mumbai, Bangalore, Pune, Chennai, Hyderabad and New Delhi, Indiareit’s managing director and chief executive officer Ramesh Jogani said. Investors could expect a return of around 13-14% in the debt fund and minimum of 12% from the rental fund, added Jogani. A rental yield fund offers lower risk compared with one investing in projects that are still under development, he said. […]

QInvest buys stake in Indian expo firm

QInvest, a leading investment bank in Qatar, said it has acquired a 28 per cent stake in Asian Business Exhibition & Conferences (ABEC), a leading exhibitions and conferences organiser in India. A major player in the fast growing trade expo sector in India, ABEC's portfolio comprises 15 exhibitions consisting of 65 events spread across nine industry verticals, including world-class events such as ACETech. ABEC is also a leader in segments such as Education, Realty and Lifestyle. Shahzad Shahbaz, chief executive officer of QInvest, said: “We are impressed by ABEC’s achievements in the past few years and see tremendous potential for the company in the growing Indian trade exhibition market. We are pleased to partner with the Gandhi family and to support ABEC’s effort on its remarkable growth path.” […]