Real Estate: Latest News & Updates On Real Estate, Property Market News The Economic Occasions
Pursuant to Regulation 30 and different applicable provisions of the SEBI LODR Regulations, please be told that the Board of Directors of Indiabulls Real Estate Limited at its meeting held right now i.e. April 5, 2024, has, inter-alia, discussed & approved Fund-raise through preferential concern of fairness shares and convertible warrants, on a personal placement basis, for cash consideration, aggregating to approx. Embassy Group, led by chairman Jitendra Virwani, plans to infuse additional capital and assets into Indiabulls Real Estate Limited , of which it holds the biggest stake. The merger of Embassy’s residential and industrial projects with IREL, as …