The proposed merger will be achieved through a cashless scheme of amalgamation
Here are the key levels for the two stocks you need to keep a tab on before making any fresh investment in these counters
Jitendra Virwani along with other promoter entities of NAM Estates will become the new promoters of IBREL upon completion of merger
Embassy Group already has around 14 per cent stake in Mumbai-based IBREL and the same will increase to 45 per cent after the merger of assets of these two companies
Stocks of Indiabulls Group are in focus on Thursday, a day after Sameer Gehlaut stepped down as executive chairman of Indiabulls Housing Finance with immediate effect
Securities and Exchange Board of India (Sebi) carried out an analysis of the trading activity in the scrip of Indiabulls Real Estate Limited (IBREL) during January-June period 2017
Though moratorium on loan repayment is available for developers till August this year, developers could struggle to repay money to lenders, say experts
Realty stocks are trading mixed at the bourses on Thursday. While Unitech, HDIL, NBCC and DLF lost ground, Indiabulls Real Esate, Brigade Enterprises, Ansal Properties and Oberoi Realty gained ground
At 11:03 am, the S&P BSE Capital Goods index, the top gainer among sectoral indices, was trading nearly 4 per cent higher at 12,071 points.
The companies did not share details of the properties they are merging
Indiabulls has been selling its completed as well as ongoing commercial assets to Blackstone to reduce its debt
Corporate Affairs ministry had informed the court earlier that the inspection reports for IBVL and IBHFL would to be ready by the end of October and for IBREL, by the end of November.
The petitioners had alleged in the PIL that the loans were given to shell companies
Its net profit stood at Rs 75.91 crore in the year-ago period
The AIF will be a special window to provide priority debt financing for completion of projects in the affordable and middle-income categories.
With this, Century Ltd ceases to be a subsidiary of the company.
The buyback price is more than than double of the current share price, which is ruling at Rs 43.40 on the BSE
In the past three months, shares of Indiabulls Real Estate and Indiabulls Ventures have tanked 64 per cent and 63 per cent, respectively.
Indiabulls Housing Finance, Indiabulls Ventures, Indiabulls Real Estate are being probed for potential wrongdoing by the Registrar of Companies
Earlier, the company had disclosed its plans to focus on its India business and cut down on debt