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Indiabulls Real Estate                                                                             Close
Indiabulls Real Estate - Disclosures under Reg. 7(3) of SEBI (SAST) Regulations, 1997

The Exchange has received the following disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997:

Name of Target company (Reporting company) Indiabulls Real Estate Ltd
Date of reporting Jul 04, 2008
Name of Stock exchanges where shares are listed. Bombay Stock Exchange Ltd
Name of Acquirers/ Sellers Date of Acquisition / Sale Mode of acquisition / Sale No & % of shares acquired/(Sale) Shareholding of acquirers stated at (A) before acquisition / Sale Shareholding of acquirers stated at (A) after acquisition/Sale
(A) (B) (C) (D) (E) (F)

Acquirer:
 HSBC Global Investment Funds - A/C HSBC Global Investment Funds  (Mauritius) Ltd
 PAC: HSBC Global Asset Management  (Singapore) Ltd

 Jun 30, 2008 Open Market Purchase 250,000 (0.09%) 23,691,782 (9.20%) 23,941,782 (9.29%)

BSE data sourced at 5 minutes delay, Service : BSE   -   www.bseindia.com

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