Indiabulls Real Estate delays S’pore share sale

Indiabulls Real Estate delays S’pore share sale 

 

 

India-listed Indiabulls Real Estate has delayed a share sale by its real estate investment trust in Singapore for a day.

 

The offer of Indiabulls Properties Investment Trust will now end tomorrow, instead of today.

 

Indiabulls is seeking to raise as much as 388 million dollars in the Singapore initial public offering.

 

The property trust plans to sell 353 millions hares at 1 dollar to a dollar 10 cents apiece.

 

Merrill Lynch and Deutsche Bank are arranging the share sale.

 

Source: 938Live

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