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Indiabulls Real Estate surges 8% on business restructuring plan

The stock moved higher by 8% to Rs 230 on BSE in otherwise weak market

Infrastructure, real estate, realty
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SI Reporter Mumbai
Indiabulls Real Estate moved higher by 8% to Rs 230 on BSE in noon deal after the Mumbai-based real estate said that its board will meet next week to consider the business restructuring plan that it considered in April last year.

“The board of directors is scheduled to meet on Wednesday, February 14, 2018, to consider the various options and recommendations of the committee constituted for the reorganization/ restructuring of the existing residential and commercial office leasing businesses of the Company and to take appropriate decisions, as required,” Indiabulls Real Estate said in a regulatory filing.

Indiabulls Real

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