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Indiabulls real estate looking for strategic partner for London project
Q: Company is looking for strategic partner who can buy 40% of its stake in the project in the Mayfair locality of central London.

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indiabulls real estate
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hanover square
Latest Answer: Hi Mithdeb, I heard that the founder and controlling shareholder Sameer Gehlaut invested Rs 240 crore in the company through preferential shares. Gehlaut also subscribed to Rs 80 crore of convertible warrants, which if converted will result in further equity infusion of Rs 230 crore in the first half of 2016-17. Therewith, the company could sell land holdings to further deleverage.
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