Indiabulls Real Estate secures ₹3,911 crore from Blackstone and Embassy Group for balance sheet recapitalization and growth.

Indiabulls Real Estate has secured approval from its board to raise ₹3,911 crore from investors, including Blackstone Group and Embassy Group. Blackstone will invest ₹1,235 crore, and Embassy Group will infuse ₹1,160 crore. Upon conversion of warrants, Embassy Group will hold 18.7% and Blackstone 12.4%. The funds aim to recapitalize the company's balance sheet and facilitate organic and inorganic growth.

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