Brief: Indiabulls Real Estate Approves Fund-Raise Worth 39.11 Bln Rupees

Embassy Developments

05/04/2024 16:31

April 5 (Reuters) - Indiabulls Real Estate Ltd
 INRL.NS :
    * APPROVED FUND-RAISE VIA PREFERENTIAL ISSUE OF EQUITY
SHARES AND
CONVERTIBLE WARRANTS
    * APPROVED FUND-RAISE WORTH 39.11 BILLION RUPEES
    * APPROVED FUND-RAISE ON A PRIVATE PLACEMENT BASIS
    * APPROVED ACQUISITION OF EMBASSY RESIDENCY FOR AN
ENTERPRISE
VALUE AT 1.21 BILLION RUPEES
    * APPROVED ACQUISITION OF EMBASSY EAST AVENUE FOR AN
ENTERPRISE
VALUE AT 1.17 BILLION RUPEES
    * APPROVED ACQUISITION OF EMBASSY EDEN FOR AN ENTERPRISE
VALUE OF
4.66 BILLION RUPEES
    * APPROVED ACQUISTION OF BLU ANNEX  FOR AN ENTERPRISE VALUE
OF
11.5 BILLION RUPEES

Source text for Eikon:  ID:nBSEb9XVkt 
Further company coverage:  INRL.NS 

 ((Reuters.Briefs@thomsonreuters.com;))