Indiabulls Real Estate subsidiary receives approval for SEZ at Nashik

Indiabulls Real Estate Ltd has announced that Indiabulls Industrial Infrastructure Ltd, a wholly-owned subsidiary of the Company focused on development of large scale infrastructure projects, has received a Formal Approval from Department of Commerce (SEZ Section), Minis of Commerce & Industry, Government of India, for development of a multi-product Special Economic Zone (SEZ) in the Nashik District of the State of Maharashtra.

Further, Indiabulls Builders Ltd, a wholly-owned subsidiary of the Company focused on development of large scale infrastructure projects, has received an "in-principle" approval from Department of Commerce (SEZ Section), Ministry of Commerce & Industry, Government of India, for development of a multi-product Special Economic Zone (SEZ) in the Thane District of the State of Maharashtra.

The stock was trading at Rs.381, down by Rs.9.85 or 2.52%. The stock hit an intraday high of Rs.398 and low of Rs.380.10. The total traded quantity was 1298623 compared to 2 week average of 1766210.

Source : Equity Bulls

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