Shares of Indiabulls Real Estate rose as much as 2.55% in early trades on Thursday on its plans to restructure its power and infrastructure businesses to help raise their net worth and meet funding requirements.
The move will also allow investors to diversify their portfolio into separate entities focused on real estate and power or infrastructure, it said in a statement on Wednesday.
The firm runs power business through unit Indiabulls Power.
At 9:19 a.m., shares of Indiabulls Real Estate were trading at Rs 211.5, up 0.93% in a Mumbai market that was up 0.35%.
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