Anil Ambani to monetise Santacruz HQ

Mumbai: Troubled tycoon Anil Ambani will be leasing out or selling the Santacruz group headquarters as part of a debt-trimming exercise, people directly aware of the matter said. The group has mandated property consultancy firm JLL to advise on a transaction that, if it’s sold, could fetch up to Rs 3,000 crore. The recently built, 7-lakh-sqft HQ is located on nearly 4 acres along the Western Express Highway in Mumbai.

Last week, TOI reported that Japanese giant Sumitomo bid Rs 2,300 crore for a three-acre plot in Bandra Kurla Complex.