The stock so far has zoomed 14 percent on the BSE.
Indiabulls Real Estate started the day with a surge of 10 percent at Rs. 46.25 after the board approved the equity investments by the promoter, Sameer Gehlaut up to Rs. 538 crore in the company. According to a release issued to the BSE, the company's board approved issue of 3.67 crore equity shares at Rs. 47 per share and 4.36 crore warrants to the promoter group. The stock so far has zoomed to a high at Rs. 47.95 and is now up 11.7 percent at Rs. 46.95. The BSE counter has registered trades of around 1.5 million shares, as against two-week daily average volume of 893,000 shares. Meanwhile, the Sensex has surged 219 points to 27,536.
Indiabulls Real Estate started the day with a surge of 10 percent at Rs. 46.25 after the board approved the equity investments by the promoter, Sameer Gehlaut up to Rs. 538 crore in the company. According to a release issued to the BSE, the company's board approved issue of 3.67 crore equity shares at Rs. 47 per share and 4.36 crore warrants to the promoter group. The stock so far has zoomed to a high at Rs. 47.95 and is now up 11.7 percent at Rs. 46.95. The BSE counter has registered trades of around 1.5 million shares, as against two-week daily average volume of 893,000 shares. Meanwhile, the Sensex has surged 219 points to 27,536.
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