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Indiabulls Real Estate allots equity shares to IBREL-IBL Scheme Trust

13 Dec 2011 Evaluate

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.   

Peers
Company Name CMP
Lodha Developers 1005.00
Prestige EstatesProj 1433.00
Dilip Buildcon 390.30
DLF 670.00
Oberoi Realty 1614.65
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