Indiabulls Real Estate has informed that the board of directors of the company at its meeting held on December 12, 2011, has issued and allotted its fully paid equity shares of face value Rs. 2 each, to IBREL-IBL Scheme Trust, in terms of the court approved scheme of arrangement by and among the company, Indiabulls Infrastructure and Power, Indiabulls Builders, Indiabulls Power and Poena Power Supply and their respective shareholders and creditors.
The above information is part of the company’s filing submitted to the BSE.
