Tag Archives: Indiabulls

Indiabulls to carve out commercial office business into separate firm

Shares of Indiabulls Real Estate Ltd (IBREL) on Monday jumped 40% on Monday after the property developer revealed plans to carve out its leasing and commercial businesses into a separate entity.The IBREL board that met on Monday morning decided to create a new vertical to house the two businesses. The residential business will continue to… Read More »

Indiabulls Real Estate up 3%, arm to acquire India Land for Rs 685 crore

Share price of Indiabulls Real Estate added nearly 3 percent intraday Wednesday as it has signed an agreement to acquire India Land & Properties for Rs 685 crore. The company’s wholly owned subsidiary Indiabulls Infrastructure has signed a definitive agreement to acquire 100 percent share capital of India Land and Properties (ILPL), for an aggregate… Read More »