Indiabulls Real shares falls 36% down of deal record date, Latest Stock Price
Shares in Indiabulls Real Estate fell as much as 36.45 percent on Wednesday ahead of the record date for determining shareholders entitled to shares in Indiabulls Infrastructure and Power (IIPL) which was created following the spin-off of the real estate firm's power unit.
According to the terms of the deal, Indiabulls Real Estate shareholders will get 2.95 shares of IIPL for every share held.
Dealers said the shares were falling on selling by buyers who had acquired the stock mainly with a view to getting the benefit of shares in the new company.
CLICK HERE TO CHECK THE LATEST STOCK PRICE
Shares in Indiabulls Real Estate fell as much as 36.45 percent on Wednesday ahead of the record date for determining shareholders entitled to shares in Indiabulls Infrastructure and Power (IIPL) which was created following the spin-off of the real estate firm's power unit.
According to the terms of the deal, Indiabulls Real Estate shareholders will get 2.95 shares of IIPL for every share held.
Dealers said the shares were falling on selling by buyers who had acquired the stock mainly with a view to getting the benefit of shares in the new company.
CLICK HERE TO CHECK THE LATEST STOCK PRICE
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