Indiabulls Real Estate Ltd has announced that for the real estate project on 8.39 acres of land at Lower Parel Division, Mumbai, earlier known as Bharat Textile Mills, being developed by Indiabulls Infraestate Limited, a 100% subsidiary of the Company ("IBREL SPV"), IL&FS Trust Company Limited and its group of investors namely IIRF India Realty XXI Limited and Little Fairy Limited (the "Investors"), have invested an aggregate of Rs. 2bn, through subscription to equity in IBREL SPV for an aggregate minority stake of 9.36% of its post issue equity share capital at a valuation of Rs. 21.36bn which is at a premium of Rs. 555.70 crore to the price of Rs. 15.80bn paid for acquiring Bharat mills (including stamp duty).