INDIABULLS

Indiabulls Financial Services Limited has informed the Exchange that the Equity Shares of Vipul Limited have been pledged with Indiabulls Financial Services Ltd. in excess of 10% and 14% of the issued capital of Vipul Limited, simultaneously. The details are as under: (1) Shares/Voting Rights (VR) before acquisition under consideration: Number- 59,96,000: %w.r.t total paid up capital of Target Company- 9.99%. (2) Shares/VR acquired: Number- 24,57,000: %w.r.t total paid up capital of Target Company- 4.10%. (3) Shares/VR after acquisition: Number- 84,53,000 shares: %w.r.t total paid up capital o

Indiabulls Financial Services Limited has informed the Exchange that the Equity Shares of Vipul Limited have been pledged with Indiabulls Financial Services Ltd. in excess of 5% of the issued capital of Vipul Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Inidabulls_acq_04022008.zip target=NEW> For more details click here.</a>

Indiabulls Financial Services Limited has informed the Exchange that the Equity Shares of Fact Enterprise Limited have been pledged with Indiabulls Financial Services Ltd. in excess of 10% of the issued capital of Fact Enterprise Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Indiabulls_Acquisition_21012008.zip target=NEW> For more details click here.</a>

Indiabulls Financial Services Limited has informed the Exchange that: "The Hon'ble High Court of Delhi at New Delhi has, vide order dated 23rd November, 2007, received on 14th December, 2007, sanctioned the Scheme of Arrangement between Indiabulls Credit Services Limited (ICSL), Indiabulls Financial Services Limited (the "Company"), and Indiabulls Securities Limited (ISL) and their respective shareholders and creditors for the merger of ICSL with the Company & demerger of Securities Broking & Advisory Business Undertaking of the Company and its transfer and vesting, as a going concern, with IS

The scheme of arrangement as finalised will be separately filed with the Stock Exchanges as per the provisions of the clause 24 of the Listing Agreement. Separately the Board noted the proposal for the acquisition of equity shares of Indiabulls Housing Finance Limited ("IHFL") held by minority investors to make IHFL a 100% subsidiary of the Company. The board has authorized a special committee to negotiate and finalize the terms and conditions on which the Company could acquire the equity shares of IHFL".

Indiabulls Financial Services Limited has informed the Exchange that "a meeting of the Board of Directors of Indiabulls Financial Services Limited (the "Company") was held today (i.e February 15, 2007), at which the proposal to restructure the business of the Company was considered and approved. This proposal is sought to be implemented in terms of a composite scheme of arrangement under the provisions of Sections 391-394 of the Companies Act, 1956 which will provide for: (i) the amalgamation of Indiabulls Credit Services Limited ("ICSL') with the Company in consideration for which the Company

Indiabulls Financial Services Limited has informed the Exchange that: "Indiabulls Financial Services Limited (the "Company") has acquired 100% of the equity share capital of Noble Realtors Private Limited ("Noble Realtors"). Noble Realtors is a company incorporated under the Companies Act, 1956 which is engaged in the business of construction and development of real estate projects".

Indiabulls Financial Services Limited has informed the Exchange that "the Hon'ble High Court of Delhi at New Delhi has, vide order dated 6th December, 2006 sanctioned the Scheme of Arrangement between Indiabulls Financial Services Limited (the "Company"), Indiabulls Real Estate Limited and their respective shareholders and creditors for the demerger of the real estate undertaking of the Company to Indiabulls Real Estate Limited".

Indiabulls Financial Services Limited has informed the Exchange that as per the directions of the Hon'ble High Court of Delhi at New Delhi, separate Meetings of Equity Shareholders and Unsecured Creditors of Indiabulls Financial Services Ltd. (the "Company") were held September 18, 2006 to consider the proposed of Scheme of Arrangement between the Company and Indiabulls Real Estate Limited and their respective Shareholders and Creditors. The said Scheme of Arrangement has been unanimously approved by the Equity Shareholders and Unsecured Creditors of the Company, and is now subject to the fina

Indiabulls Financial Services Limited has informed the Exchange that by an Order made on August 08, 2006, the Hon'ble High Court of Delhi, has directed that a meeting of the Unsecured Creditors and Equity Shareholders of the Applicant Company be held on September 18, 2006 for the purpose of considering, and if thought fit, approving with or without modification(s), the proposed Scheme of Arrangement/Demerger between Indiabulls Financial Services Limited and Indiabulls Real Estate Limited and their shareholders and creditors. The details of the same shall be available on the NSE website (http:/

Indiabulls Financial Services Limited has informed the Exchange that the Company has on August 7, 2006, filed an Application under Section 391 of the Companies Act, 1956 with the Hon'ble High Court of Delhi, New Delhi, seeking its approval to the demerger of the Company's Real Estate Business to IBREL(Indiabulls Real Estate Ltd)(which would be a separately traded public company once the proposed demerger is completed ), and for its direction to convene and hold meetings of the Equity Shareholders and Unsecured Creditors of the Company in this behalf. Upon demerger of the Real Estate Business,

Indiabulls Financial Services Limited has informed the Exchange that Lloyd George Investment Management (Bermuda) Limited has sold 3,321,384 shares aggregating 2.06% of the total paid up capital of Indiabulls Financial Services Limited. The total shareholding of Lloyd George Investment Management (Bermuda) Limited after the said sale is 775,266 shares aggregating 0.48% of the total paid up capital of Indiabulls Financial Services Limited.

Indiabulls Financial Services Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 1, 2006 the following items were discussed and approved :- 1) The Board of Directors considered the proposal to transfer the real estate undertakings of the Company i.e. the Company's business, activities and operations pertaining to real estate construction -development and infrastructure projects including investments of the Company in Indiabulls Properties Private Limited, Indiabulls Real Estate Company Private Limited, Indiabulls Infrastructure Limited, I