Indiabulls Power wins bid for 1,600-mw Chhattisgarh power project, beating Sterlite and GMR. The Rs 8,000 crore pit-head project includes a coal block and allows for merchant sale of 35% of power produced.
Indiabulls Real Estate will acquire Dev Property in a £138 million share-swap deal, expanding its presence in the booming Indian real estate market.