India's third largest real estate company, Indiabulls Real Estate’s board is planning to do some restructuring in its business.
The board of the company considered the possibility of streamlining the company’s existing ‘residential’, ‘commercial’ and ‘leasing’ businesses by segregating the ‘commercial and leasing’ business segment.
The company has two options to restructure its business. One is to do the restructuring the businesses by way of placing ‘Indiabulls Commercial Assets Limited’ as a separate holding company under the Company to hold the assets and investments relating to the ‘commercial and leasing business segment. Other options are by reorganising the existing businesses by way of a demerger of the company, on a going concern basis, of the undertakings, business, activities and operations pertaining to its commercial and leasing business segment.
The company’s board will be working on the feasibility of each option of restructuring to come up with the most suitable restructuring plan.