Indiabulls acquires entire minority stake in Indiabulls Infraestate

Jun 30, 2017

Indiabulls Real Estate on Tuesday declared that it has obtained the whole minority stake of 10.08% in Indiabulls Infraestate Ltd. (IIL), a majority share possessed auxiliary of the organisation. The organisation has procured IIL from IL&FS Fund substances specifically IIRF India Realty XXI Limited, Little Fairy Limited and Vistra ITCL (India) Limited, its minority investors. The total money paid for the procurement was Rs 358.44 crore, which incorporated interests of Rs 94.85 crore as against their total aggregate venture of Rs 250 crore. 

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