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Our Bureau

Mumbai, Dec. 30

The Bombay Stock Exchange has released the details of the Scheme of Arrangement for Indiabulls Financial Services Ltd. The company's ex-entitlement date has been fixed as January 2, by the BSE. December 29 was the last trading date when a shareholder's name will appear in the Register of Members on the record date of January 9.

The company shares traded on and after January 2,will trade without the right to receive the shares of Indiabulls Real Estate Ltd. The shareholders whose names appear in the Register of Members on the record date will receive one share each of Indiabulls Real Estate for every share held in Indiabulls Financial Services.

Indiabulls Financial Services scrip will be in `No Delivery' period from January 2-8. Hence, all trading in the shares of Indiabulls Financial Services from January 2-9 (both dates inclusive) will be a single settlement with the settlement date being January 11.

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Indiabulls' scheme of arrangement

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