Listed real estate developer Indiabulls Real Estate Limited has changed its name to Equinox India Developments Limited with effect from June 20, the company said in a regulatory filing.
The company said it has received approval by way of special resolution at the extra-ordinary general meeting of the company held on April 30, 2024 and upon receipt of fresh Certificate of Incorporation dated June 20, 2024, issued by the Registrar of Companies, Central Registration Centre, Manesar.
The company said it shall be submitting requisite applications with the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), in terms of SEBI LODR Regulations, for effecting change of name and trading in the shares of the company in its new name with its new symbol.
In May, Indiabulls Real Estate and Fama Real Estate, a wholly-owned subsidiary, acquired Embassy Property Developments (EPDPL)'s residential development projects in Bengaluru and Chennai.
The company in April 2024, had posted widening of consolidated net loss at Rs 1,038.65 crore for FY24- up from Rs 608.38 crore in 2022-23. The total income of the company fell to Rs 468 crore in FY24 down from Rs 648 crore in FY23.
Indiabulls Real Estate said in April that it had acquired 100% stake in Sky Forest Projects Pvt Ltd from Blackstone at an enterprise value of Rs 647 crore.
