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

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..