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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 has divested its 10% stake held in Malur Logistics & Industrial Parks, Venkatapura Logistics & Industrial Parks, Kalina Warehousing, Panvel Warehousing, and Allcargo Logistics & Industrial Park, for an equity consideration of near Rs 4.55 crore.
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.