Private equity firms exiting realty market
Editor | Feb 14, 2009 | Comments 0
Text: NEW DELHI: Private equity (PE) firms are learnt to be pulling out of real estate deals citing condition precedents (CPs), which are part of the deal document. CPs are conditions which are required to be satisfied after signing of a deal, without which the deal cannot close. Conditions include getting permission in a specified time period, timeline guarantees. An overseas PE firm based in Mumbai is trying to get out…
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