Indiabulls Real Estate has sold stake in two wholly owned subsidiaries, for a consideration of Rs.285 crore.

The board of Indiabulls Real Estate has authorized to evaluate and finalize options available for the sale of company’s residential and commercial assets at Chennai.

The company has entered into a definitive transaction document, to sell its stake in its wholly owned subsidiaries, Selene Estate and Airmid Infrastructure, for a total consideration of Rs.285 crore.

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