Indiabulls Real Estate shines on December 8
DSIJ Intelligence / 08 Dec 2016
Indiabulls Real Estate which was facing a lot of heat from the IT department some days back has finally something to cheer. The shares of the company on December 8 ended 5.54 per cent higher.
Indiabulls Real Estate which was facing a lot of heat from the IT department some days back has finally something to cheer. The shares of the company on December 8 ended 5.54 per cent higher. The shares of the company in the last three months have fallen by 17 per cent. In the last three months, the scrips have plunged by over 29 per cent. The scrips on December 8 traded on the SMA of 72.75.
Recently, D & A Financial Services (P) ('Manager to the Buyback Offer') had submitted a copy of public announcement regarding buy back of equity shares of Indiabulls Real Estate up to maximum buy-back size of Rs 540 crore at a price not exceeding Rs 90 per share through open market from stock exchanges.
On the other hand, markets on December 8 ended stronger with Sensex ending 457 points higher and Nifty ending 144.80 points higher.
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