Other Deals

D B Realty sells shares in Siddhivinayak Realties to Reliance Commercial Finance for Rs.376-Cr

Economic Times  

D B Realty has sold its entire shareholding in form of shares and debentures in Siddhivinayak Realties Pvt Ltd to Reliance Commercial Finance Ltd (RCFL) for INR 376.18 crore. This has been done to "settle part of the group liabilities given by RCFL to the company, its subsidiary - Goregaon Hotel And Realty Pvt Ltd and its associate - Bamboo Hotel & Global Centre (Delhi) Pvt Ltd."

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