DB Realty Sells Real Gem Buildtech Stake for INR 231.42 Crore

08 Nov 2023 CW Team

The sale of 100% stake in Real Gem Buildtech exemplifies DB Realty's commitment to streamlining its assets and maximizing returns for stakeholders. Real Gem Buildtech, a subsidiary of DB Realty, primarily engaged in the development of real estate projects, has now become entirely independent of the parent company.

The transaction, conducted through a share purchase agreement, ensures that DB Realty no longer holds any interest in Real Gem Buildtech. This divestment is expected to generate substantial proceeds for DB Realty as it endeavors to bolster its financial position and enhance shareholder value.

DB Realty, renowned for its expertise in the real estate sector, has a strong track record of delivering high-quality projects across various segments. The company's decision to offload its stake in Real Gem Buildtech is aligned with its long-term vision of consolidating resources and focusing on its core operations.

DB Realty's core operations encompass the development and construction of residential, commercial, and retail properties. By divesting its stake in Real Gem Buildtech, the company aims to channel its resources into these key areas and further bolster its market presence.

Moreover, this strategic move allows DB Realty to optimize its investment portfolio and allocate resources to projects that offer significant growth potential. With a renewed focus on its core operations, DB Realty is poised to capitalize on the vast opportunities presented in the Indian real estate market.

The sale of Real Gem Buildtech's stake is anticipated to have a positive impact on the overall financial performance of DB Realty. The proceeds from this divestment will be utilized to reduce debt, fund existing projects, and explore new avenues for expansion.

In conclusion, DB Realty's decision to divest its 100% stake in Real Gem Buildtech for approximately INR 231.42 crore underscores the company's commitment to optimizing its investment portfolio and strengthening its core operations. This strategic move positions DB Realty to capitalize on the burgeoning opportunities in the Indian real estate segment and generate enhanced value for its stakeholders.

Leading real estate developer DB Realty has recently announced the sale of its entire stake in Real Gem Buildtech for a reported sum of approximately INR 231.42 crore. This move is seen as part of DB Realty's strategic divestment plan to optimize its investment portfolio and focus on core operations. The sale of 100% stake in Real Gem Buildtech exemplifies DB Realty's commitment to streamlining its assets and maximizing returns for stakeholders. Real Gem Buildtech, a subsidiary of DB Realty, primarily engaged in the development of real estate projects, has now become entirely independent of the parent company. The transaction, conducted through a share purchase agreement, ensures that DB Realty no longer holds any interest in Real Gem Buildtech. This divestment is expected to generate substantial proceeds for DB Realty as it endeavors to bolster its financial position and enhance shareholder value. DB Realty, renowned for its expertise in the real estate sector, has a strong track record of delivering high-quality projects across various segments. The company's decision to offload its stake in Real Gem Buildtech is aligned with its long-term vision of consolidating resources and focusing on its core operations. DB Realty's core operations encompass the development and construction of residential, commercial, and retail properties. By divesting its stake in Real Gem Buildtech, the company aims to channel its resources into these key areas and further bolster its market presence. Moreover, this strategic move allows DB Realty to optimize its investment portfolio and allocate resources to projects that offer significant growth potential. With a renewed focus on its core operations, DB Realty is poised to capitalize on the vast opportunities presented in the Indian real estate market. The sale of Real Gem Buildtech's stake is anticipated to have a positive impact on the overall financial performance of DB Realty. The proceeds from this divestment will be utilized to reduce debt, fund existing projects, and explore new avenues for expansion. In conclusion, DB Realty's decision to divest its 100% stake in Real Gem Buildtech for approximately INR 231.42 crore underscores the company's commitment to optimizing its investment portfolio and strengthening its core operations. This strategic move positions DB Realty to capitalize on the burgeoning opportunities in the Indian real estate segment and generate enhanced value for its stakeholders.

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Infrastructure Urban

18 Sep 2025

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..