Indiabulls Real Estate Ltd (IBREALEST)

Indiabulls Real Estate Ltd: Resistance at Rs 150, Accumulate More at Current Levels - 13 Apr, 2024

Indiabulls Real Estate Ltd's immediate resistance is at Rs 150. If it breaks above this level, the stock can reach up to Rs 230 and Rs 270 in two-three quarters. Supports are at Rs 110 and Rs 95. Investors with risk appetite can accumulate more shares at current levels with a stop-loss at Rs 90. Exit the stock at Rs 260.

Proposed Merger Delay Impacts Indiabulls Real Estate Growth Plans - 10 Apr, 2024

The prolonged delay in completing the proposed merger between Embassy Group and Indiabulls Real Estate is unsettling stakeholders and hampering decision-making processes, impacting growth plans. However, the company hit a 52-week high on April 9 and did a preferential allotment of Rs 1,853 Cr to re-energize business and fuel growth on April 8.

Indiabulls Real Estate Raises Over Rs 3,900 Crore Through Preferential Allotment - 08 Apr, 2024

Indiabulls Real Estate raises over Rs 3,900 crore through a preferential allotment of shares and warrants to investors including Embassy Group, Baillie Gifford, Blackstone Real Estate Fund, among others. The stock rose 5% to a 52-week high of Rs 144.20 on BSE today.

Indiabulls Real Estate to Raise Funds and Change Name - 07 Apr, 2024

Indiabulls Real Estate's board has approved a fund raising of ₹3,911 crore via preferential issue of shares. The company will change its name to Equinox India Developments Ltd. Additionally, the board also approved asset acquisitions worth ₹1,853 crore to re-energize business and fuel growth.

Indiabulls Real Estate Raises Funds from Investors - 06 Apr, 2024

Indiabulls Real Estate secures over Rs 3,911 crore through a preferential allotment from investors including Blackstone Group and Embassy Group. The company also plans to acquire assets worth Rs 1,853 crore in Bengaluru and Chennai.

Indiabulls Real Estate to Raise Rs 3,910.93 Crore via Preferential Issue - 05 Apr, 2024

Indiabulls Real Estate's board of directors has approved a fundraise of up to Rs 3,910.93 crore through multiple tranches of preferential issue of shares and convertible warrants on a private placement basis. The funds will be used for recapitalizing the balance sheet, positioning the company for growth, and other working capital requirements. Eligible investors include entities of Embassy Group, Baillie Gifford, Blackstone Inc., Quant Money Managers, Poonawalla Finance, among others. Key management personnel and senior management personnel have agreed to infuse over Rs 63.56 crore in the company.

Indiabulls Real Estate Board to Consider Fund Raising Proposal - 03 Apr, 2024

Indiabulls Real Estate's board will meet on 5 April 2024 to discuss a proposal for raising funds through various securities. The company reported a net loss of Rs 38.65 crore in Q3 FY24, compared to a net loss of Rs 236.99 crore in Q3 FY23. Net sales declined 24.4% YoY to Rs 100.55 crore in Q3 FY24. The stock rallied 7.25% to end at Rs 126.45 on 2 April 2024.

Indiabulls Real Estate to Consider Raising Funds - 02 Apr, 2024

The Board of Indiabulls Real Estate will meet on April 5, 2024, to consider raising funds through debt, equity, or other securities. The modes include private placement, preferential issue, rights issue, qualified institutions placement, and others subject to necessary regulatory approvals.