BT Online Last Updated: April 17, 2017 | 15:56 IST The Indiabulls Real Estate stock rose up to 40 percent today after its board considered the restructuring of business via demerger.
At 15:02 hours, the stock was trading 39.16 percent higher at Rs 147.30 level on the BSE.
It closed 39.96 percent or 42.30 points higher at Rs 148.15 on BSE.
In a filing to the BSE, the firm said its board today considered the possibility of streamlining its existing ‘residential’, ‘commercial’ and ‘leasing’ businesses by segregating ‘commercial and leasing’ business carried on by itself and/or through its SPVs and vesting the same into ‘Indiabulls Commercial Assets Ltd’ (ICAL) and restructuring/reorganizing its businesses by either (i) re…
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