Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessStocksBuy Indiabulls Real Estate, target Rs 311: CLSA

    Buy Indiabulls Real Estate, target Rs 311: CLSA

    The divestment deal with Blackstone is likely to establish a valuation for Indiabulls Real Estate.

    Moneycontrol News
    April 06, 2018 / 12:42 IST
    Indiabulls Real Estate | Morgan Stanley Asia (Singapore) Pte sold 47,79,929 equity shares in company at Rs 60.36 per share on the NSE.

    CLSA maintains a buy rating on Indiabulls Real Estate with a target price of Rs311. The divestment deal with Blackstone is likely to establish a valuation for Indiabulls Real Estate.

    The deal is likely to mark a major strategic step in deleveraging the development business. The deal valuation of Rs 9,500 crore valuation should be accretive to Indiabulls.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Apr 6, 2018 12:42 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347