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S&P
BSE SENSEX
73,738.45
+89.83
+0.12 %
Corporate Announcement
Security Code
532832
Company
INDIABULLS REAL ESTATE LTD.
Exchange Received Time
04/12/2017 19:30:43
Exchange Disseminated Time
04/12/2017 19:30:48
Time Taken
00:00:05
Updates |
12/04/17 19:30
We refer to earlier announcement dt November 22, 2017, informing closure of voluntary unconditional cash offer for acquisition of all units in Indiabulls Properties Investment Trust, a SGX-ST listed business trust ('IPIT') ('Unit') by Brenformexa Ltd ('Offeror'), 100% subsidiary of Indiabulls Real Estate Ltd, and that the Offeror is entitled to, and would in due course, exercise its right to compulsorily acquire remaining Units from unitholders who have not accepted the Offer. We wish to inform that Offeror has today exercised its right of compulsory acquisition to acquire all remaining Units at the Offer Price of S$0.90 for each Unit and has given instructions for an aggregate amount payable for the remaining units be paid to IPIT. IPIT will, as soon as practicable, cause all the remaining Units to be transferred to Offeror. This will result in the Company becoming the 100% owner of IPIT and IPIT will get delisted from SGX-ST. For details refer attachment.
Attachment
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