03 Oct 07 Indiabulls Real Estate gets private equity funding from Goldman Sachs

Indiabulls Real Estate has received a private equity funding of $200 million from the private equity arm of leading global investment bank Goldman Sachs. The private equity investment in Goldman SachsÃ‚Â is said to be an entity level investment. The current PE multiple commanded by Indiabulls Real Estate is about 418. As soon as reports of Indiabulls Real Estate receiving private equity funding hit the markets, Indiabulls Real Estate moved up by over 3.50%.

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