The rights shares were offered at Rs 150 apiece. Shareholders were offered one right share for every two shares held by them. Shares of Indiabulls Housing, which rallied 52% in the last six months or 92% in the last one year, ended at Rs 191.70 on Tuesday.
Did HEG shares really crash 64% in one day? Here’s how the demerger math works
HEG shares opened nearly 64% lower on Monday as the stock adjusted for the company’s demerger, which split its businesses into two separately listed entities.