Indiabulls Share Price

Indiabulls Wholesale Services Ltd is engaged in the business of wholesale trading of various industrial/ consumer products and commodities in select Indian cities. Indiabulls Wholesale Services Ltd was incorporated in India on July 24, 2007 as a public limited company. The company was established as a wholly owned subsidiary of Indiabulls Real Estate Ltd. In August 8, 2007, they obtained the Certificate of commencement of business. In February 1, 2010, the company altered the Main Objects Clause of Memorandum of Association of the company to expand their business activity of wholesale trading. In March 2011, as per the scheme of arrangement, the wholesale trading business undertakings of Indiabulls Real Estate Ltd was transferred to the company with effect from April 01, 2010. The company`s equity shares were listed on the Bombay Stock Exchange Ltd (BSE) and National Stock Exchange Ltd (NSE) with effect from 18 August 2011. The company is trying to establish its foothold in this segment. The company is intending to sell various industrial/ consumer products and commodities to retailers, small manufacturers & local shops. The company is also in the process of identifying the suitable locations & business opportunities in cash & carry format. The proposed stores would be one stop shop pertaining to consumer durables & other general merchandise items, industrial/ consumer products and commodities etc.