MUMBAI, Dec 4 (Reuters) - Indiareit Fund Advisors, an Indian
real estate fund and unit of drugmaker Piramal Enterprises
, said on Tuesday it raised 4.4 billion rupees ($80.48
million) by selling three of its investments.
The exits include its phased stake sale in a special
economic zone and a residential project in Pune and another
residential project in Mumbai's western suburbs, it said in a
The fund house has already returned about 9.05 billion
rupees ($165.52 million) to investors from previous exits in
earlier vintage funds and third party mandates, Indiareit said.
($1 = 54.6750 rupees)
(Reporting by Indulal PM; Editing by Anand Basu)