Indiabulls Real Estate has entered into definitive transaction document(s) to sell its stake in its wholly owned subsidiaries, namely Selene Estate and Airmid Infrastructure (owning residential assets at Chennai) to a third party investor, for an aggregate consideration of Rs 285 crore. The transaction is expected to be concluded during the current financial year.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
