Indiabulls Real Estate acquires 10% stake in arm IIL, ILFS Fund exits

Indiabulls Real Estate acquires 10% stake in arm IIL, ILFS Fund exits

Photo: Pradeep Gaur/Mint

Realty firm Indiabulls Real Estate Ltd on Wednesday said that it has acquired the entire minority stake of 10.08% in Indiabulls Infraestate Ltd (IIL), a subsidiary of the company, from ILFS Fund entities for Rs 358.4 crore.

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