non core asset sale
DLF, the country’s biggest real estate developer, has been on the road to sell off its non-core assets for few months now. On Tuesday the developers revealed that it expected to close sale of three non-core assets, which will cut its debt by about 5,000 crore, by the end of the current fiscal. The sell-off [...] Continue Reading »
Hindustan Construction Co. Ltd has started selling non-core assets to reduce the debt burden. They have already sold 20 acre land along the Mumbai Pune expressway. As on March 31st, the total debt amount of HCC is Rs. 4200 crore. To reduce the debt amount the group has decided to sell another 80 acres at [...] Continue Reading »
