Sale Of Investment By A Subsidiary Of The Company.
We wish to inform that Indiabulls Commodities Limited (a subsidiary of the Company) has today, upon entering into definitive transaction document(s), sold its stake in its wholly owned non-operating subsidiary, namely 'Positive Housings Private Limited' (owning a land parcel of approx. 8 Grounds or 19,200 Sq. feet at Mylapore, Chennai), to a third party investor, for an aggregate consideration of Rs. 5.90 Crores. Please take the above information on record.31-03-2018