Indiabulls buys realty firm fron DLF

Indiabulls buys realty firm fron DLF
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First Published: Thu, Feb 07 2008. 10 11 AM IST
Updated: Thu, Feb 07 2008. 10 11 AM IST
Mumbai: Indiabulls Real Estate Ltd said on Thursday said its unit, Indiabulls Infrastructure Ltd, has acquired Catherine Builders and Developers Pvt Ltd from DLF Home Developers Ltd.
Catherine has a 50% stake in Kenneth Builders & Developers Pvt Ltd, which had earlier won a bid to develop a residential project in New Delhi.
The remaining 50% stake in Kenneth is owned by a wholly-owned unit of Indiabulls Infrastructure, which will now have 100% stake in Kenneth.
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First Published: Thu, Feb 07 2008. 10 11 AM IST