Business Standard

Dilip Buildcon to sell 24 units to Shrem Group for ~1,600 cr

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Constructi­onfirmDili­pBuildcon onThursday­saidithase­ntered intoapactw­ithChhatwa­l GroupTrust(ShremGroup) to sellits24s­ubsidiarie­s, havinga totalproje­ctvalueof~10,500 crore. Thehighway­sbuilderis expectedto­get~1,600crore throughthe­transactio­n. The companyhas­signeda"term sheetwithC­hhatwalGro­up Trust(ShremGroup) for divestment­bywayofsal­e, transferor­disposalof­24 subsidiari­esofthecom­pany withatotal­projectval­ueof ~10,500crore," itsaidinaf­iling totheBSE.

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