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« Indiabulls Real Estate Acquires Catherine Builders and Developers Pvt Ltd | Home | Mukesh Ambani-led Reliance Group Plans a Splash in Real Estate »
Indiabulls Real Estate Shares Rise by 4%
| February 8, 2008 |  (Be the first to rate this story!) Loading ... |
With the recent acquisition of Catherine Builders and Developers by Indiabulls subsidiary Indiabulls Infrastructure, shares of Indiabulls Real Estate has gone up by 4%. Indiabulls has acquired Catherine Builders and Developers from DLF Home Developers.
Catherine Builders owns 50 per cent stake in Kenneth Builders & Developers, which won at the auction by DDA to develop a residential project on 35.8 acres of land located at Tehkhand in South Delhi.
The remaining 50 per cent shareholding of Kenneth is owned by Bridget Builders & Developers, a subsidiary of Indiabulls Infrastructure. At 11:56 am, Indiabulls Real Estate shares were up 3.76 per cent at Rs 687 on BSE.
News Published Under: Real Estate India |
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