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Deal Corner -

Indiabulls Real Estate Limited's GDR Issue

Deal Brief

Indiabulls Real Estate Limited (the "Company") raised USD 400 million of capital by way of offering of equity shares in the Company in the form of Global Depositary Receipts ("GDRs") priced at USD 10.32 per GDR, to be listed and traded on Luxembourg Stock Exchange ("GDR Issue").

Our Role

We, at Nishith Desai Associates, acted as legal counsel to Merrill Lynch International, the Lead Underwriter, to this GDR Issue.


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