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Indiabulls to sell real estate biz to Embassy-Blackstone

August 19, 2020 Business, Market, Markets-Economic Times

Each Indiabulls Real Estate share has been valued at Rs 92.5 — a premium of nearly 26% over the stock’s Tuesday close on the BSE at over Rs 73. Existing shareholders of Nam Estates will get 6.6 shares of the new entity for every 10 shares of the unlisted entity currently held.

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