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DB Realty: D B Realty sells 2 91% stake in company to raise Rs 301 crore, ET RealEstate

DB Realty: D B Realty sells 2 91% stake in company to raise Rs 301 crore, ET RealEstate
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DB Realty rallies over 6% to 52-week high on robust Q2 earnings, arm selloff plans

The company s net profit for the quarter soared 55.5 percent on year aided by a manifold rise in revenue and stellar other income.

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DB Realty divests 100% stake in Real Gem Buildtech for about Rs 231 42 crore, ET RealEstate

Consequent upon the aforesaid sale, Real Gem Buildtech will cease to be a wholly owned subsidiary of DB Realty. The transaction will lead to considerable amount of free cashflow to the company.

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