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Our Bureau

Mumbai , Aug. 7

Indiabulls Financial Services Ltd (IBFSL), on Monday, received regulatory approvals from stock exchanges - the NSE and BSE - for restructuring and re-organising the company's businesses through a scheme of demerger.

As per the demerger plans of the company, Indiabulls Real Estate Ltd (IBREL) would be a separately traded public entity wherein every shareholder (holding one share) of IBFSL would get one share of IBREL, the demerged entity.

IBFSL has also applied to the Delhi High Court for approval.

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Indiabulls gets nod for demerger

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