It has been learnt that Indiabulls Real Estate Limited, which is a widely acclaimed concern in the domain of real estate and infrastructure business, is going to raise US$600 million by means of a private placement. Well, this has come out on account of its recently published statement.
Indiabulls Group is one of the top business houses in the country with business interests in Real Estate, Infrastructure, Financial Services, Retail, Multiplex and Power sectors. Indiabulls Group companies are listed in Indian and overseas financial markets. The Networth of the Group exceeds USD 2 billion. Indiabulls has been conferred the status of a “Business Superbrand” by The Brand Council, Superbrands India.
On the other hand, Indiabulls Real Estate Limited happens to be the third largest property company of India with development projects spread across residential projects, commercial offices, hotels, malls, and Special Economic Zones (SEZs) infrastructure development. It is worthwhile to mention that Indiabulls Real Estate partnered with Farallon Capital Management LLC of USA to bring the first FDI into real estate.
In addition Indiabulls Real Estate is engaged in the transformation of 14 million sqft in 16 cities into premium quality, high-end commercial, residential and retail spaces. Indiabulls Real Estate has diversified significantly in the following three business verticals within the real estate space: Real Estate Development, Project Advisory & Facilities Management: Residential, Commercial (Office and Malls) and SEZ Development. Power: Thermal and Hydro Power Generation. Retail: Departmental Stores, Hypermarket Stores, Daily Needs Neighborhood Stores.
Now as far as the latest decision is concerned the board of directors of the company took a decision to this effect at its meeting held on Friday. Indiabulls Real Estate said this in a filing with the Bombay Stock Exchange.
* The board resolved to issue equity shares or fully convertible debentures or any other securities to qualified institutions buyers (QIBs), it said.
* The company’s development projects are spread across residential projects, commercial offices, hotels, malls, and Special Economic Zones (SEZs) infrastructure development.
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Hi! Good post! I needed to know such kind of information to update myself. I’m into Real Estate and need to know what’s new in the market. Thanks for the information.
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