Tag: Singapore Stock Exchange

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)

Indiabulls realty purchases majority stake in Dev Property

March 1, 2008 – 4:32 am

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, [...]

By rajani | Posted in Property Articles, Property News | Also tagged , , , , , | Comments (5)