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BlackSoil Realty Fund exits from Mumbai-based Sheth Developers

Sheth Developers had received an investment of Rs 30 crore from the fund in Aug 2014

BS Reporter  |  Mumbai 

BlackSoil Realty Fund on Tuesday announced its exit from its first investment made in Mumbai-based Sheth Developers. BlackSoil Realty Fund had invested Rs 30 crore in Sheth Developers via secured non-convertible debentures in August 2014. The exit has generated an investment multiple of 1.55 times. Ashwin Sheth, founder & CMO of Sheth Developers, said, "BlackSoil helped us raise funds in a tailor made way in August 2014." Virendra Gala, partner of BlackSoil Realty Investment Advisor LLP, said, "We are happy to conclude this exit with favourable terms ahead of ...

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