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Indiabulls Real Estate to divest entire stake in Mariana Infrastructure

23 Dec 2019 Evaluate

Indiabulls Real Estate and its certain subsidiaries have entered into definitive agreements with entities controlled by The Blackstone Group Inc. (Blackstone), which is a globally renowned real estate private equity investor, to divest the entire stake in Mariana Infrastructure (which owns commercial project at Gurugram) and the commercial assets/development at Mumbai, at an aggregate enterprise value of approximately Rs 810.7 crore.

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.

Embassy Developments Share Price

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Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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