Indiabulls Real Estate Ltd

SUB. :- Scheme of Arrangement of Indiabulls Real Estate Ltd. (Scrip Code 532832)

 

Trading Members of the Exchange are hereby informed that, Indiabulls Real Estate Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement of the Company.

 

COMPANY NAME CODE	RECORD DATE	PURPOSE	EX-ENTITLEMENT  FROM DATE & SETT. NO.
Indiabulls Real Estate Ltd. (532832 &  632832)	25/04/2011	Scheme of Arrangement: - Demerger and vesting of the Wholesale Trading Business of Indiabulls Real Estate Ltd. into Indiabulls Wholesale Services Ltd.   In consideration of the transfer and vesting of the Wholesale Trading Business of Indiabulls Real Estate Ltd.  into Indiabulls Wholesale Services Ltd.; Indiabulls Wholesale Services Ltd. shall issue and allot to the shareholders of Indiabulls Real Estate Ltd., in the ratio of 1 (ONE) equity share of Rs.2/- each fully paid up of Indiabulls Wholesale Services Ltd. for every 8 (Eight) equity shares of Rs.2/- each fully paid up held in Indiabulls Real Estate Ltd.	21/04/2011 DR-015/2011- 2012

 

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