Indiabulls Real Estate Ltd's Board in its meeting today considered the possibility of streamlining its existing 'residential', 'commercial' and 'leasing' businesses by segregating 'commercial & 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) restructuring by way of placing ICAL as a separate holding co under the Company to hold its assets and investments relating to 'commercial & leasing' business segment and to undertake the business & operations of 'commercial & leasing' business segment and/or explore opportunities to bring in strategic investments; or (ii) by reorganizing its existing businesses by way of a demerger of the undertakings, business, activities & operations pertaining to its commercial & leasing business segments.
Shares of INDIABULLS REAL ESTATE LTD. was last trading in BSE at Rs.148.15 as compared to the previous close of Rs. 105.85. The total number of shares traded during the day was 23218110 in over 103796 trades.
The stock hit an intraday high of Rs. 150.9 and intraday low of 103.65. The net turnover during the day was Rs. 3017791024.