Assotech raises Rs 75 crore by selling its Gurgaon project stake
No Comments Sub Category:Uncategorized Posted On: Feb 08, 2012
Assotech, a real estate firm up north has raised a fortune by selling its stake in a Gurgaon project.
It raised Rs 75 crore by selling 49% stake of its housing project in Gurgaon from Sun-Apollo India Real Estate Fund, a private equity firm.
The revenue was raised as a plan to invest in a project called Assotech Blith, a 12 acres of land.
The project is worth Rs 500 crore and Rs 75 crore is already being raised from the equity firm.
Source: Indian Express
Tags:
Assotech, Assotech Blith, Assotech Blith Gurgaon, Assotech developers, Gurgaon, Gurgaon project, Sun-Apollo India Real Estate Fund
