#indiabulls real estate, #sameer gehlaut

Indiabulls real estate. (PC-Shutterstock)

Indiabulls Real Estate on October 14 said Sameer Gehlaut would be leaving the office of non-executive director and Chairman of the firm by the year-end and accordingly submitted his resignation effective from December 31, 2021.

The company informed that Gehlaut resigned from the post as he would focus on business of providing technology enabled transaction finance and primary healthcare services by Dhani Services Limited. Gehlaut is the founder Promoter, Chairman & CEO of Dhani Services.

The firm registered a profit of Rs 2,347.45 lakhs in the second quarter of FY 2021-22, against the first quarter -- ending June 2021 -- where it earned Rs 2,134.59 lakhs, it said in a regulatory filing.

Among other things, the firm also said that their total income in the second quarter ending September 30, 2021, stood at 38,124.76 lakhs, compared to June quarter which was Rs 53,203.12 lakhs.

On October 14, the share price of Indiabulls Real Estate Ltd. rose by 8.64 percent or 13.05 to reach Rs 164.10. During the intraday trading, its stock price reached to Rs 166.60.

(This is a developing story. Please check back for updates)

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