For Rs 850 Cr.
The Board of IndiaBulls Real Estate has authorized execution of transaction documents with the entities controlled by Blackstone Group L.P., a renowned private investor, thru which the company will divest 100% stake in sale of commercial assets at Ambattur, Chennai with a realized value of Rs 850 Cr. The transaction is to be completed in tranches by 30 September 2019 subject to re-organization of Company's commercial business leased in India for achieving growth in markets.Powered by Capital Market - Live News
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