Business Update29 Feb 2024, 06:54 pm
Transindia Real Estate Limited Signs Definitive Agreement for Portfolio Optimization
AI Summary
Transindia Real Estate Limited (TREL) has signed a definitive agreement to sell its logistics park at Jhajjar in Haryana for an enterprise value of approximately INR 636.71 crore. The deal will help TREL realize substantial value from this divestment and continue to have zero debt. The company will deploy the capital to fuel its growth plans and expand its operations in various locations.,
Key Highlights
- TREL signs definitive agreement for portfolio optimization
- Divestment of logistics park at Jhajjar for INR 636.71 crore
- Realization of substantial value from divestment
- Continued focus on growth plans and expansion