Chief Investment Officer Hari Krishna, who has already invested in a domestic $100-million fund raised, says the new seven-year [...] Initial public offerings have become a drawn out process as regulators pick through applications in response to criticisms that firms are overvaluing their land. Speaking on the sidelines of a conference in Mumbai, Krishna said he was looking to take equity stakes in developers and exit through initial public offerings in three or four years time. And the valuation issue has hit performances by recent debutantes such as Mumbai-listed Akruti Nirman Ltd.
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