Indiabulls Real Estate has raised Rs 865 crore through issue of shares to institutional investors. The company had launched its QIP (Qualified Institutional Placement) issue on March 7,2022 and closed it on April 12,2022. The fund raising committee of the board of directors, at its meeting held on April 12, approved the issue and allotment of 8,55,59,435 equity shares to qualified institutional buyers at an issue price of Rs 101.10 per share.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
