Transindia Real Estate optimises portfolio with divestments, shares gain thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The deal consummation will help Transindia Real Estate Limited (TREL) realize substantial value from this divestment and continue to have zero debt, the company said in a statement.
Transindia Real Estate Ltd, pursuant to demerger, resulting company of Allcargo Logistics Ltd, today announced the proposed divestment of certain undertakings & subsidiary to funds managed or advised by Blackstone, a global investment firm.