Indiabulls Real Estate to Raise Rs9 bln via IPO in Singapore

Indiabulls Real Estate (IBREL) plans to raise up to Rs9004.98 million through an Initial Public Offering (IPO) in Singapore. IBREL has offered to sell about 353.5 million shares of Indiabulls Properties Investment Trust (IPIT) at a price band of 1.0-1.1 Singapore dollar each.

» Godrej Properties files papers for 7 mln share IPO
Godrej Properties Ltd, the real estate unit of the Godrej group, has filed papers with the market regulator for IPO of at least 6.99 million shares. The group plans to raise up to Rupees6 billion through the IPO and a pre-IPO share placement to institutions.

»Omaxe raises Rs100 crore via pvt placement
Real estate firm Omaxe Ltd has raised Rupees one billion through private placement of debentures to LIC Mutual Fund. The company is planning to acquire companies overseas, including in the United Arab Emirates

Indiabulls Real Estate plans to list its arm in Singapore

Indiabulls Real Estate is planning to make an Initial Public Offering of a Real Estate Investment Trust in Singapore. The company said it has filed its prospectus with Monetary Authority of Singapore for its Indiabulls Properties Investment Trust. This is the third Indian company, after DLF and Unitech to consider overseas listing of its REIT.