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Indiabulls Real Estate mulls revamp of wholesale biz

16 Feb 2010 Evaluate

Indiabulls Real Estate is considering demerger, of the undertakings, business, activities and operations of the company pertaining to its wholesale trading, including its shareholding in Indiabulls Wholesale Services, a wholly owned subsidiary of the company. The restructuring is expected to unlock value and also streamline the operations and ownership structure of the company. The Board has also decided to convene an extra ordinary general meeting (EGM) of the members of the Company, on March 12, 2010, to seek their approval for the same.

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Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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