Indiabulls Securities wholly owned subsidiary - Indiabulls Distribution Services, has acquired 100% of the share capital of India Land and Properties for a consideration of Rs 600 crore.
India Land and Properties owns a commercial complex of 3 towers with a total constructed area of 2.4 million square feet and leasable area of 2 million square feet. The total land area of the complex is over 10 acres. Currently a portion of the towers are leased to RBS, Kone, Britannia Industries, Ajuba, Covenant, Telebuy, IBoxand others.
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