The divestment deal with Blackstone is likely to establish a valuation for Indiabulls Real Estate.
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CLSA maintains a buy rating on Indiabulls Real Estate with a target price of Rs311. The divestment deal with Blackstone is likely to establish a valuation for Indiabulls Real Estate.
The deal is likely to mark a major strategic step in deleveraging the development business. The deal valuation of Rs 9,500 crore valuation should be accretive to Indiabulls.
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