Indiabulls Real Estate defers buyback of shares

Property developer Indiabulls Real Estate today said it had deferred buyback of its shares which is supposed to open from today.

The company said its partly paid-up shares are pending for conversion into fully paid-up shares and listing thereof. Also, it is yet to recieve the approval from markets regulator on its public announcement of the company's buyback programme.

The company will announce a fresh date for the opening of buyback of shares.