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| Exchange Received Time 10/04/2018 20:22:03 Exchange Disseminated Time 10/04/2018 20:22:12 Time Taken 00:00:09 | We wish to inform you that, Indiabulls Infraestate Ltd ('IIL'), a wholly owned subsidiary of the Company, has today executed a non binding Term Sheet with Oricon Enterprises Limited ('OEL') for execution of definitive agreements for joint development of a commercial building at OEL''s land parcel admeasuring approx. 3512 sq. mtrs. plot situated at Dr. E. Moses Road, Worli, Mumbai - 400018. Upon execution of the definitive agreements, IIL will get an exclusive ownership rights of approx. 2.55 lac sq ft. leasable area.
Please take the above information on record.
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