Mandatory conditional cash offer announcement for acquisition of units in Indiabulls Properties Investment Trust, a SGX-ST listed business trust (IPIT), by an indirect wholly-owned subsidiary of Indiabulls Real Estate Limited
Indiabulls Real Estate Ltd has informed BSE that Grapene Limited (Offeror), an indirect wholly-owned subsidiary of Indiabulls Real Estate Limited, has on April 27, 2016 acquired 7,540,300 units in IPIT (Units), representing approximately one per cent, of the total number of Units in issue, and as a result of this acquisition, the total number of Units owned, controlled or agreed to be acquired by the Offeror and certain parties acting in concert...27-04-2016