The company’s transaction value in real estate business rose to Rs 1,537.9 crore. The property transactions grew 5% on-year during the quarter as against industry drop of 50%.
Total income for the September quarter Rs 214.9 crore, down 48% from a year ago. However, the company’s income rose 55.1% sequentially from April-June quarter.
As per another transaction, Morgan Stanley Asia (Singapore) Pte-Odi offloaded 75.8 lakh shares of Indiabulls Real Estate at Rs 57.16 per scrip, valuing the deal at Rs 43.32 crore.
WeWork also said it successfully exited 66 locations that were open or were to be opened and that it amended 150 lease arrangements that resulted in an estimated reduction of $1.5 billion in long-term liabilities.