Equinox Realty , the real estate arm of the diversified Essar Group, plans to repay its entire Rs 1,400 crore debt over the next one year, using proceeds from the sale of two projects, one each in Bengaluru and Mumbai. But the group isn’t exiting real estate business, a top Essar executive told ET, dousing rumours stirred up by the recent deals to sell the properties. Sudip Rungta, executive director, M&A, told ET that the company will focus on the realty market in metro cities.
Read more: Economic Times
