Global Investment firm Xander Group is in talks with Indiabulls Real Estate to acquire 35% stake in Indiabulls Real Estate’s arm, Indiabulls Infra Estate, in a deal which is valued around Rs 800 crore, as mentioned in a media report. Meanwhile, the deal is expected to be materialized within couple of weeks.
If these talks materialize, then it would be second round of funding that Indiabulls Real Estate’s arm would be getting. Earlier in this year, the private equity arm of IL&FS group, IL&FS Investment Managers, acquired 9.4% stake in the Indiabulls Infra Estate for Rs 200 crore.
Indiabulls Real Estate, is country’s third largest property company. It has various development projects in the residential, commercial, hotels, malls, and Special Economic Zone (SEZ) segments. The company’s projects portfolio includes high-end office and commercial spaces, premium residential developments, integrated townships, luxury resorts and SEZs. IBREL has projects with total land area in excess of 10000 acres.
Company Name | CMP |
---|---|
Dilip Buildcon | 458.40 |
Macrotech Developers | 1218.25 |
NBCC (India) | 142.30 |
Prestige EstatesProj | 1321.65 |
DLF | 887.00 |
View more.. |