Indiabulls to sell 50% in Mumbai assets for â¹4,750 crore
Indiabulls Real Estate has executed an agreement with private equity giant Blackstone Group to sell 50% stake in its prime commercial properties in Mumbai for â¹4,750 crore. A substantial part of sale proceeds would be used for repayment of existing debts of the company, Indiabulls said. The transaction is expected to be concluded by March.