Corporate News 11-Oct-19
Board of Indiabulls Real Estate approves buyback of shares up to Rs 500 cr
At meeting held on 11 October 2019
The Board of Indiabulls Real Estate has approved the proposal of Rs. 500 crore of buyback (hereinafter referred to as the 'Buyback Size') of upto 5 crore fully paid-up Equity Shares having face value Rs. 2/- each of the Company, representing approx. 11% of its total existing paid-up equity capital ('Equity Shares') at Rs. 100/- per Equity Share (hereinafter the 'Buyback Price'), through the 'Tender Offer' route.
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