Realty developer Tata Realty & Infrastructure Ltd (TRIL) has exited two of its non-strategic assets, retail malls in Nagpur and Amritsar. The Tata Group company has sold these malls to private equity firm Xander Group’ retail arm Virtuous Retail for around Rs 700 crore, said two persons familiar with the development.

— The Economic Times

AZB & Partners advised Virtuous Retail led by a team of partners Hardeep Sachdeva and Ravi Bhasin.

2019-12-09

Deal value: INR 700 Crores

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