Logistics company Transport Corporation of India Ltd India’s on Wednesday announced that its board has approved the demerger of its real estate & warehousing undertaking into a new company namely TCI Developers Limited (TDL).
The demerged entity would have properties and investments with a book value of Rs50 crore, the company said in an emailed press statement. The company presently has real estate properties in metropolitan and tier two cities including Delhi, Chennai, Pune, Nagpur, Bangalore, Ahmedabad among others.
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