Infrastructure Leasing & Financial Services (IL&FS) is eyeing to pick up 8% stake in a subsidiary of Indiabulls Real Estate - Indiabulls InfraEstate. IL&FS will invest close to Rs 200 crore for the stake.
Indiabulls InfraEstate owns two pieces of land in Worli, Mumbai and the company will develop commercial properties on the land. The two parcels housed facilities of Bharat Textile Mills and Poddar Mill and were auctioned last year by National Textiles Corporation.
Indiabulls Real Estate projects portfolio includes high-end office and commercial spaces, premium residential developments, integrated townships, luxury resorts and SEZs. The company has projects with total land area in excess of 10000 acres.
Company Name | CMP |
---|---|
Dilip Buildcon | 437.95 |
Macrotech Developers | 1173.00 |
NBCC (India) | 124.00 |
Prestige EstatesProj | 1230.70 |
DLF | 855.85 |
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