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Moody’s cuts Indiabulls Housing Finance to B2 from Ba2; outlook remains negative

Moody’s also downgraded Indiabulls’ foreign and local currency senior secured medium-term note (MTN) programme ratings to (P)B2 from (P)Ba2.

Denied nod for merger, LVB shifts focus to raise capital

In a press release on Thursday, LVB said it is assuring the best of services to its clients, while committing towards growth and creating value for its stakeholders.

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Plea in Supreme Court against Indiabulls Housing Finance withdrawn

According to a statement by Indiabulls Housing, in the affidavit withdrawing the petition, Yadav has said he is unaware of the contents and allegations mentioned in the complaints or the petition.

Indiabulls Real Estate shares up 10% after firm decides to sell London asset for £200 million

In its quarter-ended March investor presentation, Indiabulls Real Estate said it has decided to focus only on Mumbai and National Capital Region markets.

Lakshmi Vilas Bank, Indiabulls Housing Finance set to merge

In the past two months, IBH shares have jumped around 40 per cent, while those of LVB have risen 60.5 per cent.

Maharashtra Energy Dept. mulls taking over RattanIndia’s Nashik power plant

The lenders of the project, primarily, Power Finance Corporation (PFC), had written to the energy department, proposing that the state generation company take over the project.

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Paying for real estate deals: Karnal to London via Bahamas, the route Indiabulls promoter took

Each knot of chain linking SG Family Trust to offshore companies reported to regulators but ownership of London properties not made public.

Indiabulls sponsored Chhagan Bhujbal trust Rs 2.5 cr for festivals, got library contract: ACB

In January 2011, Indiabulls Realtech again sponsored the same event. On February 10, nine days before it ‘donated’ Rs 1.5 crore, a 99-year lease was given to Indiabulls Real Estate Ltd for the Kalina land.

ACB probes if Indiabulls funded 2011 Nashik Festival organised by Bhujbal foundation

The ACB booked Chhagan Bhujbal and five others for ‘Irregularities’ in library project.

Veritas analyst turns himself in to police for Indiabulls report

Indiabulls had lodged a complaint that Nitin Mangal had demanded money for holding back Veritas’ report against the firm.

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Panama Papers: Karnal to London via Bahamas, The Route Indiabulls Promoter Took

Indiabulls, one of the country’s largest realty groups controlled by Sameer Gehlaut, brother Nagendra and father Balwan Singh, made headlines in June 2014 when it acquired a 87444-sq ft property for GBP 155 million at Hanover Square in London. Before Indiabulls Real Estate Ltd entered the UK market, Sameer Gehlaut acquired at least three top London properties through family entities in Karnal, Delhi, Bahamas, Jersey and UK. Currently being developed as residential and hotel projects, these properties are owned by SG Family Trust, set up in October 2012 for the benefit of the family.

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