MoneyWorks4Me

Indiabulls Real Estate’s arm divests its entire stake in Century

04 Nov 2019 Evaluate

Indiabulls Real Estate’s wholly owned subsidiary has divested its entire stake in Century, which indirectly owns Hanover Square property, London (London Property), to Clivedale Overseas, an entity owned by the promoters of the company. With this, the Century ceases to be a subsidiary of the company.

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.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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