Real Estate Update

Essar planning to sell office buildings

February 2018
Essar Group is reportedly in talks with global investment firm Brookfield to sell its 1.25 mn sq ft Equinox Business Park at Bandra-Kurla Complex in Mumbai for about Rs 2,400 crore. Essar is reducing its debt by monetising non-core assets. According to reports, once the Equinox deal is completed, the total debt reduction will amount to Rs 77,500 crore in the current fiscal.

Contact: Essar.

Website: Www.essar.com

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