Mumbai: Indiabulls Real Estate said on 8 May the firm’s business trust Indiabulls Properties Investment Trust (IPIT) has submitted its prospectus for an initial public offering with the Monetary Authority of Singapore.
IPIT is a business trust registered under the laws of Singapore and is planning to make an offer of its units for subscription by investors, including those in that country.
In a filing to the Bombay Stock Exchange, Indiabulls Real Estate said the trust filed the prospectus with the Monetary Authority of Singapore on 8 May.
In February, the firm had said IPIT would make a public offering in that country and is proposed to get listed on the Main Board of Singapore Exchange Securities Trading.
In late afternoon trade, shares of Indiabulls Real Estate were trading at Rs536.95, down 0.68% on the BSE.