DS Kulkarni sells 50 pct in Pune SEZ unit for $90 mln

MUMBAI, July 4 (Reuters) - Real estate firm DS Kulkarni Developers Ltd (DSKL.BO: Quote, Profile, Research) said on Friday it has sold 50 percent stake in a unit that is setting up a multi-service special economic zone (SEZ) to investment firm GTC Cyprus for $90 million.

The unit will develop a 250-acre (101.2 hectares) SEZ with an investment of $1 billion. Total area in the project is estimated at 15 million sq ft. (Reporting by Prashant Mehra;Editing by Harish Nambiar)