Indiabulls Real Estate eyes demerger

The board of Indiabulls Real Estate Ltd. (IBREL), at its meeting held on Monday, has considered the possibility of streamlining the existing residential, commercial and leasing business of the company.

There is a proposal for either segregation of commercial real estate and leasing business of the company into to a separate holding company called Indiabulls Commercial Assets Ltd. (IBCAL) or reorganising the existing businesses by way of a demerger of the company on a going concern basis.

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