Transindia to sell logistics park in Haryana for Rs 6.36 billion

Transindia Real Estate Limited has signed a definitive agreement to sell its logistics park at Jhajjar in Haryana for Rs 6.36 billion, while also divesting its stake in industrial parks at Malur and Venkatapura as well as in Kalina Warehousing, Panvel Warehousing and Allcargo Logistics and Industrial Park Private Limited for nearly Rs 45 million. The deal will help the company realise value from the divestment and maintain zero debt.