Indiabulls Properties Investment Trust 2/2
Lately, they are purchasing more shares from the open market, sending IPIT into the largest quarterly gain in recent years (last quoted SGD0.147, >50% below NAV).
IPIT is a Singapore-listed business trust which collapsed from IPO price of SGD1.00 in Jun 2008. IPIT's portfolio includes residential and commercial development properties located in the business district of Lower Parel, Mumbai, India.
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