Home Urban Infrastructure News Realty News Indiabulls Real Estate closes buyback offer, buys 2.6 crore shares for Rs...

    Indiabulls Real Estate closes buyback offer, buys 2.6 crore shares for Rs 443 crore

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    stock exchanges

    The buyback was from all shareholders of the company, excluding promoters and promoter group of the company, from open market through stock exchanges.

    In a regulatory filing, the Mumbai-based developer said that the board constituted committee reviewed the present status of the funds utilised and number of shares bought back by the company under its ongoing buyback offer.

    The company has, till date, bought back maximum buyback offer shares, 2.6 crore shares at an average price of about Rs 170.45 per share, and has deployed about Rs 443.18 crore, excluding transaction costs, it added. Indiabulls decided to close the buy-back offer.

    Info- https://realty.economictimes.

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