Comments
The six-month window for the ₹624-crore buyback by Indiabulls Real Estate, will open on Tuesday. The buyback would be made from the open market. The maximum price would not exceed ₹240 a share, the company said. The maximum size represents 9.91 per cent of the aggregate of the company’s paid-up equity capital and free reserves. Investors will closely track the management’s strategy, as the stock is currently hovering at around ₹175 apiece.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.