Other Deals
Transindia Real Estate to sell logistics park in Haryana, divest stake in five others for Rs.433-Cr
Mumbai-headquartered Transindia Real Estate , the company formed as a result of the demerger of the logistics business of Allcargo Logistics, is to sell its stake in the logistics park at Jhajjar in Haryana at an enterprise value of about INR 636.71 crore.The company has also sold 10% stake in five other logistics parks - Malur Logistics & Industrial Parks, Venkatapura Logistics & Industrial Parks, Kalina Warehousing, Panvel Warehousing, and Allcargo Logistics & Industrial Park for INR 4.55 crore.All the transactions together would yield INR 433.37 crore i n cash that would be used for its growth and to expand operations.
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