Indiabulls Real Estate raised $550 million in a share placement as demand for Indian equities increased in the wake of the Congress Party's election victory in May 2009. Citi placed a $75 million block of Reliance Industries shares under a deal that came at a 2 percent premium to the last...
The debentures have been allotted at a 35% premium to the company's share price on Tuesday. They have to be converted into ordinary shares on or before 18 months from the date of issue. These debentures carry a coupon of 14.9% per annum. Shares of Indiabulls Ventures fell 1.5% to close...
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