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Corporate
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Mergers & Acquisitions
Indiabulls acquires Catherine Builders
Mumbai, Feb 7
Indiabulls Real Estate Ltd has said that its subsidiary
Indiabulls Infrastructure Ltd (IIL), has acquired 100
per cent shareholding of Catherine Builders and
Developers Pvt Ltd from DLF Home Developers Ltd.
Catherine Builders owns 50 per cent stake of Kenneth
Builders & Developers Pvt Ltd, which earlier won the
DDA auction to develop a residential project on 35.8 acres
at Tehkhand in South Delhi. Bridget Builders &
Developers Pvt Ltd, a wholly owned subsidiary of IIL, has
50 per cent stake in Kenneth Builders, and hence IIL,
through its wholly-owned subsidiaries, now have a 100
per cent stake in Kenneth Builders, the company
informed the BSE.- Our Bureau
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