CapitaLand's subsidiaries and associates divest stakes in six malls in India
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Singapore
CAPITALAND Limited said its subsidiaries and associates have agreed to divest their respective stakes in six malls in India and in the property manager of these malls for S$71.5 million.
The six malls, which have been sold to Prestige Retail Ventures Limited, are each held under a special-purpose vehicle. The malls are in Bangalore, Mangalore, Hyderabad, Mysore, Cochin and Udaipur.
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