Real Estate Indiabulls is growing for the second straight day

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Indiabulls Real Estate shares rose 10% on NSE today, which was 6.5% on Thursday. At 10:40, shares of real Estate increased by 1%, which cut the initial profit strategy to focus on financial services over a long period. In March last year, Indiabulls Real Estate sold.

Indiabulls Real Estate statement states that the sale of stake is consistent with the company’s strategy to focus on financial services over a long period.

In March last year, sold 50% of their properties from Marquee offices in central Mumbai to Blackstone, or $ 730 million for Rs 4,750 crore. The developer had said that he would use the money to reduce the debt.

Blackstone also bought the commercial property of Real Estate at Chennai One Park for about Rs. 900 crore.

reported a 95% drop in its consolidated net profit of Rs. 108.56 crore for the fourth quarter of the previous fiscal year compared to Rs. 2,181.13 crore in the same period last year, according to the regulatory filing.

a statement that its promoters intend to make up 14% of the company’s paid share capital (38.72% of the company’s fully paid capital). Real Estate recorded a decline of 95% in the consolidated net profit of the rupee. For the fourth quarter of the last financial year compared to Rs. 108.56 crore According to the regulatory statement, after the acquisition of Blackstone on one part of the promoter’s share of the company, there was an increase of Rs 18, 13 crores in the same period last year. O Focus on long-term financial services, pay attention to Indiabulls o financial services, on long-term, Indiabulls actionThe statement states that the stock sale corresponds to the company’s strategy to focus on financial services over a long period. In March last year, Indiabulls Real Estate sold 50% of its property from the Marquee offices in central Mumbai to Blackstone.

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