Home | Vaastu | FAQ | 333 Properties IQ | Blog | Contact Us | Register Now | Login check our google plus account check our facebook account check our twitter account
  • Location
  • Bank Approved Projects
  • Upcoming Projects
  • NRI Section
  • Property Overseas
  • Dealer Search
  • Circle Rate
  • Price Trends
Property Buzz

Adani To Exit Real Estate

Adani Enterprises Ltd (AEL) is exiting the real estate business, the flagship company of diversified conglomerate Adani Group revealed on Thursday. Its board of directors has already approved a proposal to divest holding in Adani Infrastructure Development Ltd, (AIDL), a step-down subsidiary of AEL. The offloading of its holding is expected to create more liquidity for Adani Group’s core business such as coal, power and ports. “The proposal to divest holding in the real estate business is subject to requisite approvals and clearances,” AEL Executive Director Mr Devang Desai said. “The move will infuse additional liquidity in the company. We would be able to focus on our core businesses.”

View All

05 Mar 2012

check our google plus account check our facebook account check our twitter account
Copyright © 2011 333 Acre. All Right reserved | Disclaimer | Privacy Policy