Indiabulls Real Estate redeems Non-Convertible Preference Shares

Indiabulls Real Estate Ltd has announced that the Company has redeemed 9,966,667 outstanding Non-Convertible Preference Shares of face value Rs. 138 per share, held by Oberon Ltd. in the Company. Consequently, the paid-up preference share capital in the Company stands fully repaid.

The stock closed the day at Rs.264.05, down by Rs.8.20 or 3.01%. The stock hit an intraday high of Rs.272.15 and low of Rs.262.05.

The total traded quantity was 799887 compared to 2 week average of 1167055.

Source : Equity Bulls

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