Inorbit Malls completes acquisition of 2 malls for Rs 1242.5 cr

Inorbit Malls has completed the acquisition of two malls from Prozone Realty for a total of Rs 1,242.5 crore. This significant deal marks a major expansion for Inorbit Malls, effectively doubling their asset portfolio to eight malls in just a year. The acquisition of these two new malls will increase Inorbit Malls' total leasing area beyond five million square feet, making them a more substantial player in the Indian retail market. This expansion is likely to have a positive impact on the company's revenue and growth prospects.

Why it matters

The acquisition of two malls by Inorbit Malls indicates a growing demand for retail space in India. This could lead to increased consumer spending and higher sales for retailers.

Market impact

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