 "Indiabulls Real Estate post record intra-day surge; stock zooms over 40%")
Shares of Indiabulls Real Estate have posted a record intra-day gain, up 42.5% to Rs 150.90 on BSE, trading at its highest level since April 20, 2011.
Earlier, on May 18, 2009, the stock of real estate developer had rallied 38.5% in intra-day trade, finally settling 33.4% higher at Rs 197.50 on BSE.
The Company's board in its meeting today considered the possibility of streamlining its existing ‘residential', ‘commercial' and ‘leasing' businesses by segregating ‘commercial & leasing' business carried on by itself and/or through its SPVs and vesting the same into ‘Indiabulls Commercial Assets Ltd' (ICAL).
The
Earlier, on May 18, 2009, the stock of real estate developer had rallied 38.5% in intra-day trade, finally settling 33.4% higher at Rs 197.50 on BSE.
The Company's board in its meeting today considered the possibility of streamlining its existing ‘residential', ‘commercial' and ‘leasing' businesses by segregating ‘commercial & leasing' business carried on by itself and/or through its SPVs and vesting the same into ‘Indiabulls Commercial Assets Ltd' (ICAL).
The
