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Board of Indiabulls Real Estate approves buyback of shares up to Rs 500 cr

Capital Market 

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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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 11 2019. 12:46 IST