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Indiabulls realty shares increases by 4 per cent

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As per the available data with the www.propertykhazana.com Catherine Builders and Developers is acquired by Indiabulls auxiliary Indiabulls Infrastructure Ltd and the shares of the Indiabulls Real Estate have increased with 4 per cent. Recently, Catherine Builders and Developers from DLF Home Developers group is procured unaccompanied by the Indiabulls Infrastructure Ltd.
Prior to the deal, Catherine Builders was owning 50% stake in the Kenneth Builders and Developers and as per the said source @ the www.propertykhazana.com Kenneth Builders & Developers through the Delhi Development Authority auction obtained about 36 acres of land in south Delhi. The left over 50% shares of Kenneth Builders & Developers are with Bridget Builders & Developers, an auxiliary of the Indiabulls Infrastructure Ltd.
Source: NBTVLIVE

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