The board of Indiabulls Real Estate Ltd today approved a buy-back plan for up to 2.6 crore fully paid-up equity shares, amounting to Rs 624 crore.
New Delhi, May 21, 2018: The board of Indiabulls Real Estate Ltd today approved a buy-back plan for up to 2.6 crore fully paid-up equity shares, amounting to Rs 624 crore. “The board of directors of the company, at its meeting held on May 18, 2018, has approved the proposal of buy-back of up to 2.6 crore fully paid-up equity shares of Rs 2 each of the company, being approx. 5.45 percent of existing paid-up share capital of the company,” Indiabulls Real Estate said in a BSE filing.
The board has approved buy-back at prevailing market price on stock exchanges subject to a price not exceeding Rs 240 per equity share, aggregating up to an amount not exceeding Rs 624 crore.
According to the reports published in moneycontrol.com “The maximum buy-back offer price has been arrived at considering market price of the equity shares of the company during the last 6 months,” the company said.
Shares of the company closed at Rs 205.7 a unit, down 2.67 percent from the previous close, on the BSE today.
Mumbai, October 31, 2026: Italian luxury automobile brand Maserati opens its flagship showroom at Trade…
31-October-2026 The Delhi Declaration adopted at the ARISE Cities Forum on 28 October calls…
30-October-2026 Homebuyers in stalled Supertech projects have again raised concerns before the Supreme Court about…
Date:29-oct-2026 Indian real estate received approximately $1.66 billion in private equity investment during January–September 2026,…
Foundation stones for permanent campuses of the National Law University, Meghalaya, and Meghalaya State Judicial…
A major wave of housing approvals renews the debate over project execution, homebuyer protection and…