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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.
"The demerger will unlock the value of the real estate and hospitality business for the company s shareholders, enable a differentiated strategy to capture the huge potential of the Indian hospitality sector, and attract a distinct set of investors, partners, collaborators, and leadership talent focused on the hospitality business," D B Realty said.