ALSO READIndiabulls Real Estate zooms 40% on biz restructuring plans Indiabulls Real Estate to buyback 6 cr shares for Rs 540 cr Indiabulls Real Estate shares down 4% post Q3 results Indiabulls Real Estate to restructure biz; shares jump 40% Indiabulls Real Estate to consider buy-back of equity shares
The stock slumped 9.01 per cent to end at Rs 134.80 on BSE. During the day, it tumbled 11.57 per cent to Rs 131.
At NSE, shares of the company tanked 9.14 per cent to close at Rs 134.65.
The company's market valuation fell by Rs 638.68 crore to Rs 6,449.03 crore.
The stock had surged 40 per cent yesterday after the company announced plans to restructure its business.
Indiabulls Real Estate announced plans to restructure its business by creating a separate venture for commercial and leasing operations as part of strategy to have focussed approach on each segments.
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