Essar planning to sell office buildings
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Essar planning to sell office buildings
Real Estate

Essar planning to sell office buildings

01 Feb 2018 1 Min Read CW Team
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. <p></p> <p>Contact: Essar.</p> <p>Website: Www.essar.com</p>

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. <p></p> <p>Contact: Essar.</p> <p>Website: Www.essar.com</p>

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