Indiabulls Real Estate sells commercial assets in Gurugram, Mumbai to Blackstone for Rs 810 crore

Date posted: Thursday 26 December 2019

Realty firm Indiabulls Real Estate has agreed to sell commercial projects in Mumbai and Gurugram to global investment firm Blackstone for an enterprise value of Rs 810.7 crore. The Mumbai-based developer said that the company and its certain subsidiaries, have entered into definitive agreement(s) with entities controlled by The Blackstone Group to divest the entire stake in Mariana Infrastructure Limited (which owns commercial project at Gurugram) and the commercial assets/development at Mumbai, ..

(Economic Times)