Indiabulls Real Estate raises Rs 865 cr via issue of shares

15 Apr 2022 CW Team

Indiabulls Real Estate Limited (IBREL) has raised Rs 865 crore via the issue of shares to institutional investors.

The company launched its Qualified Institutional Placement (QIP) issue on 7 March and closed it on 12 April.

IBREL said in its meeting that the fundraising committee of the Board of Directors (BoD) had 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, totalling over Rs 865 crore.

Authum Investment and Infrastructure Limited, Nippon Life India Trustee Limited, A/C Nippon India Multi-Cap Fund, Copthall Mauritius Investment Limited, Singapore-based Morgan Stanley Asia, Societe Generale, and Baillie Gifford Pacific Fund had participated in the QIP issue of the company.

Indiabulls shares closed at Rs 108.70 per share on the Bombay Stock Exchange (BSE), down by 0.32% over the previous closure.

Image Source

Also read: Indiabulls Housing plans to raise Rs 50k cr growth capital by FY23

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..