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Indiabulls Realty put up for sale over 98 Million Shares

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According to the sources saying at the www.propertykhazana.com, Indiabulls is planning to sell its shares of 98 Million to investors at Rs. 190 per piece. By selling the shares the company is expecting to raise Rs. 19 Billion and Indiabulls realty has raised 29% to Rs. 198 in Mumbai trading. The realty firm’s shareholders agreed this proposal to rise more than USD 650 Million selling securities to fund the growth of ventures or acquirements.
Morgan Stanley is supporting the firm to sell the shares globally. Representative of Indiabulls declined to comment on the issue and also Morgan Stanley’s Hong Kong based envoy also refused to comment on the issue. For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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