Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Indian Real EstateEquinox India Developments LimitedIndiabulls Real Estate LimitedBombay Stock ExchangeNational Stock Exchange Of India LimitedReal Estate MumbaiJun 22, 2024
As part of the process, the company will submit applications to the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE) to effect the change of name and trading in its shares under its new symbol.
In other news, Indiabulls Real Estate had announced plans to raise ₹3,911 crore through the issuance of shares and warrants to investors, including the Blackstone Group and the Embassy Group. This investment is aimed at recapitalizing the company's balance sheet and positioning it for organic and inorganic growth.
The company has also been actively engaging in acquisitions, including the purchase of Embassy Property Developments' residential projects in Bengaluru and Chennai. Additionally, Indiabulls Real Estate acquired a 100% stake in Sky Forest Projects Pvt Ltd from Blackstone at an enterprise value of ₹647 crore.
Information
Indiabulls Real Estate Limited is a listed real estate developer that has been operating in the Indian market for several years. The company has a diverse portfolio of projects across the country, including residential and commercial properties.
Equinox India Developments Limited, formerly known as Indiabulls Real Estate Limited, is a leading real estate developer in India. The company is committed to developing high-quality projects that meet the evolving needs of its customers.
Frequently Asked Questions
What is the new name of Indiabulls Real Estate Limited?
Equinox India Developments Limited
When did the name change take effect?
June 20, 2024
What is the purpose of the name change?
The company is rebranding itself as part of its growth strategy
Who are the investors in Indiabulls Real Estate Limited?
The Blackstone Group and the Embassy Group
What is the total investment planned by Indiabulls Real Estate Limited?
₹3,911 crore
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