DB Realty board to meet on Feb 9 to review existing corporate structure
Mon, Feb 5, 2024 7:57 PM

DB Realty board to meet on Feb 9 to review existing corporate structure

A Flip by Shubhangi Gupta
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DB Realty plans corporate restructuring, including demerger of hotel/hospitality business to unlock growth and value. The real estate firm has faced challenges due to promoter involvement in 2G scandal, but is now partnering with big names like Adani and Godrej for development projects. It also acquired hospitality assets and raised Rs 1,544 crore through convertible warrants.

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