Indiabulls Real Estate sells Gurugram, Mumbai assets to Blackstone for $114m

Indiabulls Real Estate sells Gurugram, Mumbai assets to Blackstone for $114m

Photo: Pradeep Gaur/Mint

Indian real estate company Indiabulls Real Estate Ltd (IBREL) has entered into a definitive agreement to sell its stake in commercial assets in Gurugram and Mumbai to global private equity major Blackstone for an enterprise value of about $114 million (Rs810.7 crore).

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