Apollo Global sells stake in Ahuja Towers

Apollo Global Management has sold its stake in residential project Ahuja Towers of Mumbai-based Indian real estate company Ahuja Constructionss. Apollo invested $30.1 million in the Ahuja Towers project for 49 percent voting rights in the company. Apollo made $69.35 million with the sale of its stake, resulting in a 2.3x multiple return on their investment.

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