Indiabulls Real Estate inks pact with Oricon

Indiabulls Real Estate Limited has announced that Tapir Realty Developers Ltd, a 100% subsidiary of the company, has entered into a joint development agreement with Oricon Properties Pvt. Ltd

Jun 03, 2016 05:06 IST India Infoline News Service

Indiabulls Real Estate Limited has announced that Tapir Realty Developers Ltd, a 100% subsidiary of the company, has entered into a joint development agreement with Oricon Properties Pvt. Ltd, a subsidiary of Oricon Enterprises Limited, for development of 7810 sq. mtrs. plot situated at Dr. E. Moses Road, Worli, Mumbai 400018.

Indiabulls Real Estate Ltd ended at Rs. 97, down by Rs. 3.55 or 3.53% from its previous closing of Rs. 100.55 on the BSE.
The scrip opened at Rs. 101.2 and touched a high and low of Rs. 102.45 and Rs. 95.1 respectively. A total of 12143872(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5084.3 crore.
The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 105.25 on 30-May-2016 and a 52 week low of Rs. 41 on 18-Jun-2015. Last one week high and low of the scrip stood at Rs. 105.25 and Rs. 97.6 respectively.
The promoters holding in the company stood at 47.63 % while Institutions and Non-Institutions held 19.07 % and 33.22 % respectively.
The stock traded above its 50 DMA.

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