Mumbai-based real estate company D B Realty has announced its board s in-principle approval of a proposal to demerge the company s hospitality business, including its hotel assets, as part of an initiative to unlock shareholder value. The demerger will involve the separation of the real estate and hospitality businesses, with the resulting company s equity shares to be listed on stock exchanges upon completion.
DB Realty to acquire stakes in 3 hotels for Rs 2,300 crore devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.