Goldman Sachs, Deutsche Bank and one more financial investor are likely to make a combined investment of $800 million in three special purpose vehicles (SPVs) which are being created by real estate group Emaar MGF. Each SPV will have one financial investor who will hold a minority stake.
Tag: Indiabulls
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 […]
