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Indiabulls Real Estate shines on inking pact with Doha Bank

21 Mar 2013

Indiabulls Real Estate is currently trading at Rs. 56.40, up by 1.05 points or 1.90% from its previous closing of Rs. 55.35 on the BSE.

The scrip opened at Rs. 55.20 and has touched a high and low of Rs. 57.10 and Rs. 54.10 respectively. So far 7,56,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 82.35 on 04-Feb-2013 and a 52 week low of Rs. 41.75 on 04-Sep-2012.

The current market cap of the company is Rs. 2,474.00 crore.

The promoters holding in the company stood at 44.38% while Institutions and Non-Institutions held 26.45% and 28.49% respectively.

Indiabulls Real Estate has inked pact with Doha Bank, in order to provide its NRI customers exclusive services on properties in India. These complimentary services include home loan eligibility checks, special offers on Indiabulls properties and exclusive promotion for Doha Bank Indian customers.

The entity had opened an office in Dubai last year and it plans to open offices in other GCC countries including Qatar. It aims to connect more and provide seamless service through the arrangement. Overall NRIs make up for 25% of its business plus. NRIs in GCC countries, including Qatar, are constantly looking for appropriate property investment opportunities both for end-use as well as investment purpose.

Related Indiabulls Real Estate Ltd. Links:

Indiabulls Real Est. Share Price

162.75 2.90 (1.81%) Oct 22, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323