I'Bulls Real Estate gets nod for I'Bulls Power demerger

20240 Investors following Indiabulls Real. Share this News with them.

0

Like this story, share it with millions of investors on M3

I'Bulls Real Estate gets nod for I'Bulls Power demerger

Indiabulls Real Estate has received all necessary approvals for demerger of Indiabulls Power, reports CNBC-TV18’s Varinder Bansal.

Post your opinion here

 

0

Tweet

Share on Tumblr

Indiabulls Real Estate has received all necessary approvals for demerger of Indiabulls Power , reports CNBC-TV18's Varinder Bansal.

This has been going on for a while, for the last ten months. Now, all the approvals have come in for that demerger to happen.

December 7 is the ex-date. That will be very important for the company. It actually means that you will be entitled to hold Indiabulls Power shares only if you have bought before that. The T+2 system, which India follows, remains.

Tuesday is a holiday. One, who buys on Monday, will be eligible for Indiabulls Power shares. Wednesday is the day when the T+2 coincides.

The stock price is around Rs 60-65 for Indiabulls Real Estate. You are entitled for three shares, that is 2.95 Indiabulls Power shares, if you are holding one share of Indiabulls Real Estate.

You will be seeing some action happening in Indiabulls Real Estate stock in the next two days. There will be many arbitragers and players in the market who will want to take this opportunity at this moment.