The Manager to the Buy back Offer, D & A Financial Services (P) Ltd has informed BSE on regards to the Buy back of Equity Shares of Indiabulls Real Estate Ltd up to maximum Buy-back size of Rs 540 crore at a price not exceeding Rs 90 per share through Open Market from Stock Exchanges.
On 25th Nov, Indiabulls Real Estate informed that the board has given the approval of the proposal of buy-back of up to 6 crore fully paid-up equity shares of Rs 2 each of the company, about ll.8 per cent of existing paid-up share capital of the company.
Indiabulls Real Estate share price is currently trading at Rs 72.10, up by Rs 6.50 per cent from its previous closing of Rs 67.70 on the NSE. The scrip opened at Rs 68.3 and has touched a high and low of Rs 72.65 and Rs 68.25 respectively. So far 79,45,802 shares were traded on the counter. The current market cap of the company is Rs 3430.12 (Cr). The stock of face value Rs 2 has touched a 52 week high of Rs 105.20 on 30th May ‘16 and a 52 week low of Rs 42.10 on 12th Feb 16. Promoters had 47.55 per cent stake in the company as on September 30, 2016.
Indiabulls is developing more than 10 projects with a total saleable area of 30.51 million sq ft. It has presence in key metros of Mumbai, NCR and Chennai. The company had entered London property market through acquisition of 22, Hanover Square in Mayfair, Central London, a 87,444 sq ft commercial property in July 2014.
Indiabulls Real Estate is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Indiabulls Real Estate is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Indiabulls Real Estate share price history.
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