Tag: bulk

Embassy buys 14% in Indiabulls Real Estate in bulk deal

MUMBAI: Embassy Property Developmentson Friday bought an around 14% stake in Indiabulls Real EstateNSE -2.93 % from its promoter through a bulk deal on the stock exchanges. The deal is part of a three-stage transaction under which a Blackstone Group-Embassy alliance will be acquiring Indiabulls group chairman Sameer Gehlaut’s…