Embassy Group aims to complete merger of certain projects with Indiabulls Real Estate this year
NEW DELHI: Realty firm Embassy Group on Thursday said it expects to complete the process of merger of its certain housing and commercial projects with Gurugram-based Indiabulls Real Estate by the end of this year. The Competition Commission of India (CCI) on Wednesday approved the proposed merger of Embassy group firms NAM Estates Pvt Ltd […]
Indiabulls Real Estate posts Rs 76 crore net loss in September quarter
NEW DELHI: Indiabulls Real Estate on Friday reported a consolidated net loss of Rs 76.01 crore for the quarter ended September. The company had posted a net profit of Rs 301.11 crore in the year-ago period. Total income stood at Rs 50.70 crore in the second quarter of this fiscal, as against Rs 1,101.90 crore […]
Rakesh Jhunjhunwala firm buys Indiabulls Real Estate shares worth nearly Rs 29 crore
NEW DELHI: Rakesh Jhunjhunwala’s Rare Enterprises on Thursday acquired Indiabulls Real Estate Ltd’s shares worth nearly Rs 29 crore through an open market transaction. Rare Enterprises bought 50 lakh scrips of the company at an average price of Rs 57.73 apiece, as per NSE’s bulk deal data. This took the total deal value to Rs […]
Indiabulls Real Estate to merge with Embassy Group
NEW DELHI: Indiabulls Real Estate and two subsidiaries of Embassy Group have entered into a definitive agreement to merge their residential and commercial projects across markets to create one of the largest property development platforms in the country. The combined entity will hold both the developers’ ongoing, completed but unsold and planned projects with 80.8 […]
Indiabulls Real Estate announces share buyback worth Rs 500 crore
NEW DELHI: Indiabulls Real Estate Ltd (IBREL) on Friday announced a buyback of up to 5 crore shares at Rs 100 each, which could cost the company up to Rs 500 crore. The buyback price is more than the double of the current share price, which is ruling at Rs 43.40 on the BSE. In […]