Morgan Stanley Asia Singapore PTE has bought 27.14 lakh shares of Indiabulls Real Estate through the open market route. The shares were purchased on an average price of Rs 73.00 valuing the transaction to Rs 19.82 crore.
Indiabulls Real Estate is engaged in real estate development, directly as well as through various subsidiaries and associate companies. The main focus of IBREL is construction and development of properties, project management, investment advisory and construction services.