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D B Realty divests 100% stake in Rustomjee Crown Project

07 Nov 2023 Evaluate

D B Realty has executed a Share Purchase Agreement on November 6, 2023 to dispose off/sale of its 100% stake in equity and preference shares in Real Gem Buildtech (RGBPL) for a consideration of approximate Rs 231.42 crore to Kingmaker Developers (KDPL), a company of Rustomjee Group. 

The said transaction will lead to considerable amount of free cashflow to the company. Further, the company has been carrying the entity as ‘Asset held for sale’ till now and the transaction will help to clean up the DBR Balance Sheet and close the transaction with Rustomjee.

D B Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.


Valor Estate Share Price

107.17 -2.06 (-1.89%)
17-Apr-2026 16:59 View Price Chart
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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