Indiabulls Securities to Consider Buy Back
Indiabulls Securities Ltd has declared its unaudited results for the quarter ended 31st December 2008. Also the board announced that they will meet on February 2, 2009 to consider inter alia proposal for Buy Back of equity share of the company.
Indiabulls Securities Ltd recorded revenues of Rs 86.72 crore for the quarter ended December 31, 2008. Net profit for the quarter was at Rs 20.77 crore. During the quarter, CRISIL assigned its highest rating of “P1+” (pronounced ‘P one plus’) to the Rs.10 Billion short term debt programme and to the Rs.5.85 Billion short term bank facility of the Company. Indiabulls Securities is the first and only brokerage house in India to be assigned the highest rating BQ – 1 by CRISIL.
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