Indiabulls Real Estate buys back 5 crore shares: Report

25 Nov 2013

Indiabulls Real Estate, leading developer has reportedly bought back 5 crore shares through the open market route. The shares were purchased on an average price of Rs 54.64 valuing the transaction to Rs 273.20 crore. After the buyback, the promoters’ stake in the company has gone up to 44.38% from the earlier 39.70%.

Indiabulls Real Estate is country’s third largest property company. It has various development projects in the residential, commercial, hotels, malls, and Special Economic Zone (SEZ) segments. The company’s projects portfolio includes high-end office and commercial spaces, premium residential developments, integrated townships, luxury resorts and SEZs.

Related Indiabulls Real Estate Ltd. Links:

Indiabulls Real Est. Share Price

72.60 -1.30 (-1.76%) Nov 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 397.95
NBCC (India) 37.40
Sobha 396.35
DLF 211.75
JMC Projects (India) 106.25
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Sensex vs Indiabulls Real Est.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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