InvestorQ : Is Adani group taking over Ozone builders?
Archita Jajjoo made post

Is Adani group taking over Ozone builders?

Answer
image
Niti Shenoi answered.
5 months ago
Follow

Adani Realty is looking to acquire the debt stricken Ozone Group at enterprise value of about $1 billion. The Bengaluru based Ozone group has outstanding debts to the tune of nearly Rs. 6,000 crore and has been struggling to service its debt. It however has a strong portfolio of projects spread across Mumbai, Bengaluru and Chennai. This fits into Adani Realty’s existing development portfolio of 69 million square feet across India.

215 Views