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Indiabulls trust clarifies issues raised in BT column

Trustee-manager says India's market conditions hit by global financial crisis after listing of business trust

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Indiabulls Property Management Trustee Pte Ltd (IPMT), the trustee-manager of Indiabulls Properties Investment Trust (IPIT), has said market conditions beyond its control are primary drivers of the decline in IPIT's net asset value (NAV).

Singapore

INDIABULLS Property Management Trustee Pte Ltd (IPMT), the trustee-manager of Indiabulls Properties Investment Trust (IPIT), has said market conditions beyond its control are primary drivers of the decline in IPIT's net asset value (NAV).

The trustee-manager made this

sentifi.com

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