Real estate developer DB Realty today said its subsidiary DB Hospitality is looking to sell stake in proposed hotel project at the Delhi International Airport and discussions are undergoing with potential buyers.
In a filing to the BSE, Mumbai-based DB Realty said that DB Hospitality Pvt Ltd (DBHPL), in which the company is holding stake,
proposes to develop a plot as the Delhi International Airport's new hospitality district through one of its subsidiary SPV.
"... in order to develop the said project, DBHPL has been exploring various options of missing funds including dilution of stake in the said SPV and for the purpose talks have been going on with various parties and the same shall be intimated as and when the deal is finalised," DB Realty said.