Mumbai's iconic Express Towers (minus penthouse) sold for Rs 900 crore

November 19, 2013 16:07

Express Towers, an iconic commercial building in South Mumbai's Nariman Point, is all set to get a new owner.

Ending months of negotiations, bulge-bracket American PE fund Blackstone together with one of its portfolio companies, Pune-based developer Panchshil Realty, is buying out the current owners.

The Indian Express Group and ICICI Venture, the PE arm of India's largest private sector lender has sold the property for Rs 900 crore.

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