Indiabulls Real Estate shares flare up

Shares of Indiabulls Real Estate shares surged Friday ahead of the closure of the initial public offer of Indiabulls Properties Investment Trust in Singapore.

MUMBAI: Shares of Indiabulls Real Estate shares surged Friday ahead of the closure of the initial public offer of Indiabulls Properties Investment Trust in Singapore.

At 12:30 pm, the share was at Rs 454, up 11.97 per cent on the BSE. It touched a high of Rs 477.50 and low of Rs 412.50 on volume of 12,54,344 shares.

According to reports, the trust plans to raise $284 million from selling 353 million units.
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