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| Exchange Received Time 07/12/2017 20:52:06 Exchange Disseminated Time 07/12/2017 20:52:10 Time Taken 00:00:04 | We refer to the voluntary unconditional cash offer announcement, dated October 11, 2017, by Brenformexa Limited ('the Offeror'), a wholly-owned subsidiary of Indiabulls Real Estate Limited ('the Company'), for acquisition of all the issued units in IPIT, other than those already owned and controlled by its related corporations or their respective nominees ('Offer') and subsequent announcements in the matter, including the compulsory acquisition announcement, dated December 4, 2017, by the Offeror to compulsorily acquire, at the Offer Price of S$0.90 for each unit, all the remaining units of unitholders who have not accepted the Offer on the closing date of the Offer.
We wish to inform that with the completion of the compulsory acquisition, with effect from today (i.e. December 7, 2017) the Company has become the 100% owner of IPIT and IPIT will be delisted from the official list of the SGX-ST on 11 December 2017 w.e.f. 9.00 a.m (Singapore time). For details refer attachment.
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