Indiabulls Real Estate sells London property to promoters for 200 mn pounds

Indiabulls Real Estate said the "company's wholly owned subsidiary has divested its entire stake in Century Ltd, which indirectly owns Hanover Square property, London to Clivedale Overseas". In June, Indiabulls Real Estate promoters had sold 14% stake in the company through open market transactions to Embassy Group for Rs 950 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/34skZRx