Farallon, LNM to pick stake in Indiabulls co; invest Rs 1,580 cr
The investment will be by way of subscription to equity shares at Rs 66.67 per share in Sophia Power Company, an unlisted subsidiary of Indiabulls Real Estate engaged in the power sector, for an aggregate of 37.5 per cent of its post issue capital. FIM will invest Rs 987.50 crore for 23.4 per cent post issue stake and LNM India Internet Ventures invest Rs 592.50 crore for 14.1 per cent stake in Sophia Power.
