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IPO News
May 8 2008 2:03PM
Indiabulls trust eyes $235 mln S~pore IPO-source

SINGAPORE, May 8 (Reuters) - Indiabulls Properties Investment Trust, a unit of Indiabulls Real Estates <INRL.BO>, plans to raise $235 million in an initial public offering in Singapore, a source briefed on the deal told Reuters.

The company, which filed a prospectus on Thursday, plans to price the IPO on May 26, a second banking source said.

Deutsche Bank <DBKGn.DE> and Merrill Lynch <MER.N> are handling the deal. (Reporting by Saeed Azhar and Daryl Loo, editing by Neil Chatterjee) (([email protected]; +65 6403 5669; Reuters Messaging: [email protected])) Keywords: INDIABULLSTRUST/

  Source:   

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