Indiabulls Real Estate Shares Rise by 4%

February 8, 2008	(Be the first to rate this story!)  Loading ...
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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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