Real estate firm Akruti City Ltd plans to make its first international foray in the Middle East later this year, with projects in both residential and commercial segments. Mr.Vyomesh Shah Managing Director of Akruti said, “We had sent our team to study the Middle East market and they came back with very encouraging growth prospects”.
Tag: Citigroup
Indiabulls in Pounds 138m Aim Deal
March 3, 2008 – 5:36 am
In the biggest deal of its type, Mumbai-listed real estate company Indiabulls will make an all-share offer for Aim-listed Dev Property Development. It will be the first time that a deal of this size – Pounds 138 million – will be financed in the UK entirely by Indian shares. Indiabulls is a property and financial […]
Indiabulls Real Estate buys entire stakes in UK unit
February 28, 2008 – 5:48 am
MUMBAI – Indiabulls Real Estate Ltd said on Thursday its board had approved acquiring the entire stakes in Dev Property Development Plc in a 138- million-pound sterling (10.9 billion rupees) share-swap deal. Dev, which listed on London’s junior stock exchange in 2007, is promoted by the Indian property developer and holds stakes in several of […]
