At 11:03 am, the S&P BSE Capital Goods index, the top gainer among sectoral indices, was trading nearly 4 per cent higher at 12,071 points.
The companies did not share details of the properties they are merging
Indiabulls has been selling its completed as well as ongoing commercial assets to Blackstone to reduce its debt
Corporate Affairs ministry had informed the court earlier that the inspection reports for IBVL and IBHFL would to be ready by the end of October and for IBREL, by the end of November.
The petitioners had alleged in the PIL that the loans were given to shell companies
Its net profit stood at Rs 75.91 crore in the year-ago period
The AIF will be a special window to provide priority debt financing for completion of projects in the affordable and middle-income categories.
With this, Century Ltd ceases to be a subsidiary of the company.
The buyback price is more than than double of the current share price, which is ruling at Rs 43.40 on the BSE
In the past three months, shares of Indiabulls Real Estate and Indiabulls Ventures have tanked 64 per cent and 63 per cent, respectively.
Indiabulls Housing Finance, Indiabulls Ventures, Indiabulls Real Estate are being probed for potential wrongdoing by the Registrar of Companies
Earlier, the company had disclosed its plans to focus on its India business and cut down on debt
Thus far in the July-September quarter, the market price of Indiabulls Real Estate more than halved from level of Rs 114, as compared to 1.5 per cent decline in the S&P BSE Sensex.
Indiabulls Real Estate has sold a 50 stake in Indiabulls One Centre and Indiabulls Finance Centre in the Lower Parel area of Mumbai and a commercial property in Gurugram to Blackstone
The stock slipped 7% to Rs 58 on Wednesday, and is trading at its lowest level since November 22, 2016 on the BSE.
The PE firm is expected to add the assets to the portfolio of Embassy Office Parks Real Estate Investment Trust, its joint venture with Bengaluru-based realty developer Embassy Group
Indiabulls now mulling partnership with Blackstone for its commercial real estate assets
Gehlaut to sell additional stake in a week
The quasi-judicial body issued its order on April 30, which was the deadline for the ruling. I-T rules provide the tax commission 18 months to pass the order
As per reports, the US private equity giant Blackstone Group and Bengaluru-based property developer Embassy Group are set to jointly acquire Indiabulls Real Estate's promoters' stake.