Laxmi Mittal-backed Indiabulls Real Estate managed to raise $259 million on the Singapore Stock Exchange, a day after the scheduled closing of its REIT’s issue, Indiabulls Properties Investment Trust.
India’s fourth largest real estate developer sold 353 million shares at $1 per unit, out of which Lakshmi Mittal had committed 91 million shares.
The sale was to [...]
MUMBAI: It’s second-time unlucky for Indian realtors hoping to garner some desperately needed cash by floating their real estate investment trusts in Singapore.
On 5th june, Indiabulls Real Estate said its plans to float a Reit to mop up $286 million is being extended. Analysts said this was due to very poor response from retail investors.
The [...]
By manish
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Posted in Property News
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Also tagged Ajit, Daiwa Institute Of Research, Daiwa Institute Of Research Singapore, Elphinstone, Investment Trust, Mittal, Real Estate Investment, Real Estate Investment Trusts, REIT, Retail Investors, Unitech India
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MUMBAI: Indiabulls group, a rising company with interests spanning from financial services to retail, on 12th may said it is in talks with some foremost global single-product retailers seeking a pan-India presence.
By manish
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Posted in Property News
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Also tagged Ahmedabad, Chandigarh, Department Stores, Estate Business, Global Retailers, Hyper Market, Hypermarket, Malls, Product Retailers, Retail Business, Retail Ltd, Retail Services, Retail Venture
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MUMBAI: Indiabulls Real Estate(IBREL), the real estate division of the Indiabulls group, has decided to take greater part stake in Dev Property Developers, the London-listed property fund, in order to gain best part control over two of its prized properties in Mumbai. IBREL has bought over 90 percent in DPD for about Rs 1,100 crore.
DPD, [...]
February 15, 2008 – 7:25 am
Indiabulls Real Estate has entered into an agreement with FIM and LNM India Internet Ventures, who will mutually invest Rs 1,580 crore. FIM is a foreign venture capital investor managed by Farallon Capital Management LLC and LNM India Internet Ventures is an investment body of LN Mittal group.
The investment will be by way of subscription [...]
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