Indiabulls to demerge wholesale business

Indiabulls Real Estate (Ibrel), part of the Indiabulls Group, today said it was considering the demerger of its wholesale trading business, to unlock value from the venture. Indiabulls Wholesale Services Ltd, a subsidiary of Ibrel, had plans to set up wholesale cash and carry stores across the country.

“The restructuring is expected to unlock value and also streamline the operations and ownership structure of the company,’’ Ibrel said in a statement to the stock exchanges today.