CapitaLand's subsidiaries and associates divest stakes in six malls in India

Published Fri, Dec 29, 2017 · 09:50 PM

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.