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Indiabulls Real Estate surges 9% as board mulls share buyback

The stock surged 9% to Rs 202 in otherwise weak market after the company said its board will meet on Friday, May 18, 2018, to consider the proposal of buy-back of equity shares of the Company.

Indiabulls
Indiabulls

Shares of Indiabulls Real Estate have surged 9% to Rs 202 per share on the BSE in early morning trade in otherwise weak market after the Mumbai-based real estate developer said that its board will meet on Friday, May 18, 2018, to consider the proposal of buy-back of equity shares of the company. “A meeting of the Board of Directors of the Company will be held on Friday, May 18, 2018, to consider, inter alia, the proposal of Buy-back of equity shares of the Company,” Indiabulls Real Estate said in a BSE filing on Tuesday after market hours. The primary objective of ...