Indiabulls sells stake in office projects to PE giant Blackstone for $388m

Indiabulls sells stake in office projects to PE giant Blackstone for $388m

Photo: Pradeep Gaur/Mint

Indiabulls Real Estate Ltd (IBREL) has sold its remaining stake in commercial office assets in Gurugram and central Mumbai to Blackstone Group LP for an aggregate equity value of around 2717 crore, the developer told the stock exchange on Wednesday night.

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