Milestone Capital exits Pune project for Rs 145 cr

Written by Press Trust of India | Mumbai | Updated: Apr 12 2014, 09:44am hrs
Private equity firm Milestone Capital Advisors said on Friday it has exited its investment in a commercial property in Pune developed by Kumar Urban Development for a realisation of R145 crore. The firm had invested in the 2.5 lakh sqft commercial property, The Cerebrum B2, situated in Kalyani Nagar in Pune, through its IL&FS Milestone Fund I, a rental yield fund investing in ready commercial assets.

The firm had acquired stake in the property that houses tenants like Vodafone, Standard Chartered and Reliance Communications in March 2008.