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Indiabulls Real Estate to sell London asset to promoters for Rs 1,800 crore

Updated : April 24, 2019 12:25 PM IST

The company's net debt stood at Rs 4,590 crore at the end of the fourth quarter of 2018-19 fiscal and the same would be reduced to Rs 3,000 crore after this proposed deal with promoters conclude.
The company had purchased this property for GBP 161.5 million, it said, and the current valuation has been pegged at GBP 189 million.
Indiabulls Real Estate to sell London asset to promoters for Rs 1,800 crore

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