Shares of Equinox India Developments Ltd., formerly known as Indiabulls Real Estate, hit a 20% upper circuit at ₹143.58 after the National Company Law Appellate Tribunal (NCLAT) approved the merger with Embassy Group.
This merger marks a significant step in reshaping the company under its new identity and strengthening its position in the real estate sector.
The approval has been positively received by investors, reflecting strong confidence in the synergies expected from the merger.
The National Company Law Appellate Tribunal (NCLAT) was established by the Central Government of India under Section 410 of the Companies Act, 2013. It was created as an appellate body alongside the National Company Law Tribunal (NCLT), marking a significant reform under the authority granted to the Ministry of Corporate Affairs in India.
Since June 1, 2016, the NCLAT has been tasked with hearing appeals against orders issued by the National Company Law Tribunal(s) (NCLT).
Indiabulls Real Estate Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Jan 6 2025
|
₹130.20
|
₹119.65
|
-8.10%
|
|
Fri, Jan 3 2025
|
₹123.67
|
₹130.20
|
|
|
Thu, Jan 2 2025
|
₹124.00
|
₹123.78
|
|
|
Wed, Jan 1 2025
|
₹116.10
|
₹123.69
|
|
|
Tue, Dec 31 2024
|
₹116.00
|
₹115.87
|
-0.16%
|
|
Mon, Dec 30 2024
|
₹116.39
|
₹116.05
|
-0.24%
|
|
Fri, Dec 27 2024
|
₹117.45
|
₹116.33
|
-0.50%
|
|
Thu, Dec 26 2024
|
₹117.45
|
₹116.92
|
-0.02%
|
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