Indiabulls Real Estate Limited announced a private placement that it has issued 350,730,876 common shares at a price of INR 111.51 for the gross proceeds of INR 39,109,999,983 through preferential allotment on April 5, 2024. The transaction included participation from new investors such as Embassy Group, Quant Mutual Fund - Quant Active Fund, Quant Mutual Fund - Quant Active Fund managed by Escorts Finance Limited, Asset Management Arm, Poonawalla Finance Pvt. Ltd., Micro Labs Limited, Maybank Capital, Inc, Capri Global Capital Limited, Yash Shares and Stock Private Limited, Aalidhra and individual investor such as Utpal Sheth.