Indiabulls Housing Finance Limited Scheme of Arrangement and GDR Listing
Davis Polk advised Indiabulls Housing Finance Limited (IHFL) in connection with its amalgamation with Indiabulls Financial Services Limited and listing of IHFL’s Global Depositary Receipts (GDRs) on the Luxembourg Stock Exchange. The amalgamation was effected pursuant to a scheme of arrangement approved by the High Court of Delhi. The GDRs were issued in reliance on Section 3(a)(10) of the Securities Act of 1933, as amended.