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Indiabulls Real Estate rises

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MARKETS-SOUTHASIA-STOCKS/

Shares in Indiabulls Real Estate rose over 2 percent on its plans to restructure its power and infrastructure business to help raise its net worth and meet funding requirement.

The move will also allow investors to diversify their portfolio into separate entities focused on real estate and power or infrastructure.

Shares in Indiabulls Real Estate ended marginally higher while those of Indiabulls Power slipped 5.6 percent to 29.10 rupees.

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