DB Realty to demerge hospitality business, stock surges over 2%
Fri, Feb 9, 2024 6:13 PM

DB Realty to demerge hospitality business, stock surges over 2%

A Flip by Avya Verma
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DB Realty has announced its plan to demerge its hospitality business into a separate unit, leading to a 2% increase in its stock price. The demerged entity will include notable assets like Goan Hotels & Realty Pvt Ltd and Bamboo Hotel And Global Centre (Delhi) Pvt Ltd. This move aims to unlock the value of the real estate and hospitality business for shareholders and attract investors focus.

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