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Indiabulls Group In Talks With Godrej Properties To Sell Part Of Realty Unit
Indiabulls Group in talks to sell part of real estate arm to Godrej Properties.
24 Apr 2019, 05:29 PM IST
Indiabulls Group is in early talks to sell at least part of its real estate business to Godrej Properties Ltd., according to two people aware of the matter, as it wants to ensure that the merger of its mortgage lending unit with Lakshmi Vilas Bank Ltd. doesn’t face any regulatory hurdle.The group is looking to sell a stake in Indiabulls Real Estate Ltd. but a lot depends on the valuations of its Mumbai residential projects and rent-y...
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