Update On Sale Of Chennai Assets
In furtherance to intimation dated March 25, 2018 in respect of sale of Company's stake in its wholly owned subsidiaries, namely Selene Estate Limited and Airmid Infrastructure Limited (owning residential assets at Chennai) to a third party investor, for an aggregate consideration of Rs. 285 Crores ('Transaction'), please be informed that with the satisfactory completion of closing conditions, the Transaction was concluded on March 29, 2018.... Update On Divestment By Company'S Subsidiaries
Further to intimation dated 23.03.2018 in respect of divestment by Company's wholly owned subsidiaries, of their entire holding in certain subsidiaries, thereby indirectly divesting 50% stake in Indiabulls Properties Pvt Ltd ('IPPL') and Indiabulls Real Estate Company Pvt Ltd ('IRECPL') at an aggregate enterprise value of approximately USD 1466 Million equivalent to Rs. 9,500 crores, to the entities controlled by the Blackstone Group L.P., which... Redemption Of Notes By A Wholly Owned Subsidiary Of The Company
We would like to inform you that Century Limited, a wholly owned subsidiary of the Company ('Century'), has elected to, and will redeem, on April 30 2018 (the 'Redemption Date'), all of the outstanding US$175,000,000 10.25% Senior Notes due 2019 ('Securities'), which were issued by Century under an indenture dated November 12, 2014 and guaranteed by the Company along with its certain subsidiaries. These notes are presently listed on SGX-ST. Upon... Update On Sale Of Chennai Assets
In furtherance to intimation dated February 14, 2018, wherein it was informed that basis the recommendations made by the Committee, the Board has authorized it to evaluate & finalize options available for the sale of Company's residential and commercial assets at Chennai, being a non-core market for Company's real estate business operations, please be informed that the Company has entered into definitive transaction document(s) to sell its stake... Update On Proposed Divestment By Overseas Subsidiaries
Furtherance to intimation of 14.02.2018, pls be informed that the Co's WOSs, pursuant to their Board authorizations, have executed transaction documents with the entities controlled by the Blackstone Group L.P., which is a globally renowned real estate private equity investor, to divest their entire holding in certain subsidiaries and thereby indirectly divesting 50% stake in Indiabulls Properties Pvt Ltd (IPPL) and Indiabulls Real Estate Company... Disclosure of Voting results of EGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Indiabulls Real Estate Ltd has informed BSE regarding the details of Voting results of EGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here Outcome Of The Extraordinary General Meeting Of The Members Of Indiabulls Real Estate Limited ('The Company') Held On Friday, March 23, 2018
We wish to inform you that the Extraordinary General Meeting (EGM) of the Members of the Company was held today at 10:00 A.M. at Mapple Emerald, Rajokri, NH-8, New Delhi-110038. Summary of the proceedings of the EGM along with Voting Results in the prescribed format, as required under the Listing Regulations and the applicable provisions of the Companies Act, 2013 and Rules made thereunder are enclosed. Clarifies on news item
With reference to news flashed on CNBC TV 18 dated March 21, 2018 quoting "Blackstone may buy 50% in rental biz of Indiabulls Real Estate for $300 mn.", Indiabulls Real Estate Ltd has submitted to BSE a copy of Clarification is enclosed. Clarification sought from Indiabulls Real Estate Ltd
The Exchange has sought clarification from Indiabulls Real Estate Ltd on March 21, 2018 with reference to news flashed on CNBC TV 18 dated March 21, 2018 quoting "Blackstone may buy 50% in rental biz of Indiabulls Real Estate for $300 mn." The reply is awaited. Publication Of Notice In Newspapers Regarding E-Voting
Please find enclosed clippings of Notice published in newspapers on February 28, 2018, detailing the procedure with respect to the e-voting facility being provided by the Company to all its Members to enable them to cast their vote on all matters listed in the Notice convening the Extraordinary General Meeting of the Company to be held on Friday, March 23, 2018 at 10:00 A.M. at 'Mapple Emerald, Rajokri, NH-8, New Delhi-110038'....