Indiabulls Real Estate falls on order to vacate from SEZ project land

Embassy Developments

06/03/2024 04:18

** Shares of Indiabulls Real Estate  INRL.NS  down 6% at
110.85 rupees
    ** Co says Maharashtra Industrial Development Corp issued
order directing co, unit to vacate vacation land in processing
zone of SEZ at Sinnar within one month
    ** Co evaluating legal options
    ** Stock only marginally above 50-day moving average of
106.15 rupees
    ** Stk up over 26% YTD after gaining 7.4% in 2023

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))