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Our Bureau

Mumbai, Dec. 6

The Delhi High Court has approved the demerger of real estate business of Indiabulls Financial Services Ltd to Indiabulls Real Estate Ltd.

"Upon the scheme of demerger being sanctioned, each shareholder of the transferor company will be entitled to one share in the demerged company," the Court Order said.

The demerger is expected to be completed during this fiscal, said a press statement issued by the company.

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