Indiabulls sells London asset

Indiabulls sells London asset

Indiabulls finance centre at Elphinstone Road, Mumbai, Maharashtra. Indiabulls Real Estate on Saturday said it has sold its property in London to a promoter group firm for £200 million (about Rs 1,830 crore) as part of its plan to focus on its India business and to cut debt. This follows the approval granted by shareholders of the company at its annual general meeting on September 28. In a regulatory filing to the bourses, Indiabulls Real Estate said the “company’s wholly owned subsidiary has divested its entire stake in Century, which indirectly owns Hanover Square property in London, to Clivedale […]

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