ASK Exits Rajesh Lifespaces Realty Project for Rs 125 Cr

New Delhi: Financial services firm ASK Group has sold its 50 per cent stake in Rajesh Lifespaces' housing project in Mumbai for Rs 125 crore. In August 2011, the company had invested Rs 55 crore in this project. ASK, a player in the real estate private equity business, said it has exited Raj Altezza, a project by Rajesh Lifespaces, in Mulund, Mumbai. "The investment totaling Rs 55 crore has given a multiple of 2.26 amounting to an...