We wish to inform that taking note of the authorisations of Companys subsidiaries the Board of Directors of the Company at its meeting held today i.e. August 14 2019 has authorised to embark on a clear and simple path to achieve ZERO net debt in the current financial year through strategic divestment of its stake(s) in commercial and leasing business asset(s) to any third party investor(s) / internationally renowned private equity player(s) at an expected equity valuation of around Rs 4400 Cr - 4800 Cr and earlier approved divestment of London Property for ? 200 million subject to applicable regulatory/corporate approval(s).
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