Indiabulls Real Estate shares rose as much as 11 per cent to Rs 117.2 in Wednesday's session after the company said it is to divest Century Ltd, the firm that houses Hanover Square property, London, to its promoter for 200 million pounds ($258.7 million). Divestiture is in the light of sluggish London property market due to Brexit uncertainty, the company said. It added that it has decided to focus only on...
Indiabulla
Realty developer Indiabulls Real Estate has approved the proposal to buy-back up to 2.6 crore equity shares of the company aggregating up to Rs 624 crore. The maximum size of the buy-back is around 5.45% of existing paid-up share capital of the company, the developer said in a regulatory filing. The maximum offer price for the proposed buyback will be the prevailing market price on stock exchanges...
Indiabulls Asset Management Company's private equity arm has acquired an entire commercial building with fully leased 2.35 lakh sq ft office space on NH-8 in Gurgaon from the US-based realty developer Hines India. The project, Sky View Corporate Park, is a multi-phase development planned on a 21-acre land parcel in the National Capital Region (NCR). The first phase of the project consists of two...