Brief: D B Realty To Demerge Its Hospitality Business

Valor Estate

09/02/2024 09:20

Feb 9 (Reuters) - D B Realty Ltd  DBRL.NS :
    * TO DEMERGE ITS HOSPITALITY BUSINESS
    * DEMERGER WILL UNLOCK VALUE OF REAL ESTATE AND HOSPITALITY
BUSINESS FOR COMPANY'S SHAREHOLDERS
    * EQUITY SHARES OF RESULTING COMPANY ARE PROPOSED TO BE
LISTED ON
EXCHANGES
    * SHAREHOLDERS OF COMPANY WILL HOLD A SUBSTANTIAL STAKE IN
RESULTING COMPANY

Source text for Eikon:  ID:nBSE7LszDq 
Further company coverage:  DBRL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))