DB Realty Ltd to Demerge Hospitality Business Unlock Value for Shareholders

The Board of Directors of DB Realty Ltd has in-principally approved the proposal to demerge its hospitality business, consisting of hotel business and assets, to unlock value for shareholders and capture the potential of the Indian hospitality sector. The demerger will result in the creation of a separate listed entity for the hospitality business, with the Company retaining its real estate business. The proposal is subject to necessary statutory and shareholders' approvals.,