IL&FS eyeing to pick 8% stake in Indiabulls Real Estate arm

Embassy Developments Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 532832 | NSE: EMBDL

30 Dec 2011 Evaluate

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.

Peers

Company Name	CMP
Lodha Developers	1103.05
Prestige EstatesProj	1432.50
Dilip Buildcon	407.60
DLF	640.95
Oberoi Realty	1731.95
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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