Indiabulls, Unitech put Singapore REIT IPOs on hold

Reuters
14 Mar 2008

MUMBAI, March 14 (Reuters) - Indian developers Indiabulls Real Estate (INRL.BO: Quote, Profile, Research) and Unitech Ltd (UNTE.BO: Quote, Profile, Research) have put their plans for initial public offers of their real estate investment trusts (REIT) in Singapore on hold because of volatile markets, officials said on Friday.

Larger rival DLF Ltd (DLF.BO: Quote, Profile, Research) might also delay its plans for a Singapore RIET listing, a source told Reuters earlier this week. See [ID:nBOM329238]

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