Indiabulls Real Estate (IBREL) on Wedneaday said the company now has a majority stake of 51.18 per cent in Singapore-listed business trust IPIT after acquisition of 2.77 crore shares by its subsidiary. The company earlier had 47.5 per cent stake in Indiabulls Properties Investment Trust (IPIT), which has a portfolio of over three million sq ft of completed commercial office space with an equal area under construction as residential space.
Read more: Economic Times
