Nitesh Estates sells its 1-million sq ft shopping mall to Era Realty

Economic Times-

Realty developer Nitesh Estates has sold its 1-million-sq-ft shopping mall in Pune’s Koregaon Park and reduced consolidated debt by Rs 407.88 crore.

Through this deal, Goldman Sachs Investments (Mauritius), an investor in this development has been given its exit on debentures. With this de-leveraging, the company has brought down its net consolidated debt by over 30%.

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Post by ABIL Group

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