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Embassy Group in talks with Indospace, ESR to monetise warehousing business

The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70 per cent stake, while Embassy Group has 30 per cent shareholding in the JV

Topics
Embassy group | Realty sector

Press Trust of India 



Embassy group may defer Reit listing till 2018
Embassy Group has a lot of land bank to create similar large portfolio of warehousing and industrial parks

Leading realty firm is in talks with Indospace and ESR to monetise its warehousing and industrial parks business at an enterprise value of Rs 1,700-2,000 crore, according to sources.

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First Published: Wed, August 12 2020. 17:36 IST

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