Tag Archives: Investment Trust

Indiabulls Extend The Closing Date Of The Issue By A Day

June 7, 2008 – 4:21 am

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 [...]

By rajani | Posted in Property News | Also tagged , , , , , , | Comments (3)

REIT Road Cracks For Realtors

June 6, 2008 – 12:03 am

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 rajani | Posted in Property News | Also tagged , , , , , , , , , , | Comments (3)