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Wednesday, January 10, 2007


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News Update as at 18.00 hrs (IST)

Corporate
Indiabulls realty unit in deal with Dev Property

MUMBAI: Indiabulls Financial Services Ltd said on Wednesday Indiabulls Real Estate Ltd had entered into a deal with Isle of Man-based Dev Property Development Plc.

Under the agreement, Dev Property will pick up minority stakes from Indiabulls Real Estate and also subscribe to new shares in various projects, it said in a statement.

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