DB Realty on Monday said its board will meet on Feb. 9 to consider a proposal on corporate restructuring, including demerger of the hospitality business.
In a regulatory filing, the company informed that a meeting of the Board of Directors will be held on Feb. 9 to "review the existing corporate structure consisting of real estate and hotel/hospitality business segments and seek in-principle approval of the Board for corporate restructuring including but not limited to the demerger of hotel/hospitality business to unlock growth and value creation for all stakeholders."
Mumbai-based DB Realty is one of the leading real estate firms in the country. It also has hotel properties.
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