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Shares of Indiabulls Real Estate are likely to remain in investors’ focus, as its board of directors will meet on Friday to consider a proposal of buyback of equity shares. Investors will closely monitor the price and quantum of the buyback, besides promoters’ interest. The mode of buyback, whether through open market or tender route, will also be closely tracked. The company had reported a loss of ₹7.16 crore for the fourth quarter of fiscal 2018 on revenues of ₹10.47 crore.
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