Pune SEZ sold for Rs 810 crore
An IT SEZ was sold for Rs 810 crore in Pune.
The SEZ, jointly hold by DLF Ltd and Hubtown Ltd has been sold to Blackstone, a private equity fund company.
Both the real estate developers had stakes in the company with DLF having 67% in it.
The SEZ was situated in the Hinjewadi area of Pune which had a size range of 1.8 million sq ft. The SEZ, DLF Ackruti Info Parks (Pune) Limited was sold to the Mauritius equity fund company after getting all approvals.
After an objection to the sale, the Board of Approvals finally approved it in September.
Source: The Economic Times
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