The company is dealing in different asset classes and each of these asset classes business has grown to a large extent. "So we felt to segregate each of these businesses, office, retail, hospitality and residential, into separate segments", Irfan Razack, CMD of Prestige Estates told CNBC-TV18.
One thing is very sure that nobody will be buying this theory that only after the buyback was completed suddenly an idea triggered in the minds of the company that let us go for restructuring, said JN Gupta, former ED, Sebi and MD Stakeholders Empowerment Services.
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