Indiabulls Real Estate hit a new low today at Rs.40.10 but soon bounced back from those levels. It is currently at Rs.55, down 13%. Yet, there now remain over 2.4 lakh buyers on the counter compared to over 1.6 lakh sellers. The stock is down due to the post demerger trading of its power business. The company has fixed 8th Dec as the record date and as per the scheme of arrangement investors will 3 shares of Indiabulls Power for 1 share held in Indiabull Real Estate. The equity shares of Indiabulls Infrastructure and Power, issued as aforesaid, would get listed with the stock exchanges as per the terms of the scheme.
On Wed, Dec 7, 2011 at 11:03 AM, RAJESH DESAI <[email protected]> wrote: > *Dewan Housing in news * > > Dewan Housing up 4.5% at Rs.198.45 with huge volumes at over 23,000 shares > being traded today morning alone vis-à-vis around 8900 shares traded over > past two weeks. > > The stock is up on news news that ArthVeda Fund Management, a unit of > Dewan Housing Finance Corp plans to raise Rs 2 billion to invest in > greenfield real estate projects. The company plans to invest funds in > middle income housing projects, ranging Rs.15 lakh to Rs.40 lakh per unit, > in Tier II and Tier III cities and metro outskirts across India. The > investment duration is stated to be 24-36 months. > > > On Wed, Dec 7, 2011 at 10:14 AM, karishma suvarna < > [email protected]> wrote: > >> The share of Future Capital Holdings rose 6% to Rs 143.40 on the buzz >> that Mr Kishore Biyani has sold Future Capital to Deccan Chronicle for Rs >> 700 crore and also selling its 26% stake in insurance JV to IITL, reports >> The Economic Times. >> >> Meanwhile, Deccan Chronicle denies the news and Mr Biyani is not >> available for comments. >> >> >> -- >> >> Karishma Suvarna >> >> > > > -- > CA. Rajesh Desai > > -- CA. Rajesh Desai -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
