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Takeover offer made for Indiabulls property trust at 90 cts apiece

The offeror and parties aim to delist the business trust from the SGX

Singapore

A TAKEOVER offer of S$306 million has been made for Indiabulls Properties Investment Trust (IPIT) by the Indiabulls Group at 90 Singapore cents apiece, in a move that will lead to the delisting of the business trust from the Singapore Exchange (SGX).

Some deem the...

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