ASK Property Fund exits Shriram Properties’ Chennai project for Rs 340 crore

ASK Property Fund exited its Chennai residential project investment. The fund realized Rs 340 crore against its Rs 215 crore investment. This exit delivered a gross investment multiple of approximately 1.6x. Shriram Properties CEO noted a long-term relationship with ASK Property Fund. ASK Property Fund continues focusing on residential projects with strong fundamentals.