Indiabulls ups stake in real estate arm to 50.5%

Mauritius-based FIM Ltd. holds 49.5 percent in the real estate firm., it said in a statement.

By PTI | Dec 12, 2006, 11.30 AM IST

MUMBAI: Indiabulls Financial Services Ltd. said on Tuesday it has raised its stake in Indiabulls Real Estate Co. Pvt. Ltd. to 50.5 percent through conversion of debentures.

Mauritius-based FIM Ltd., managed by Farallon Capital Management LLC based in San Francisco, holds 49.5 percent in the real estate firm., it said in a statement.

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