Indiabulls Real Estate Ltd has informed BSE regarding Outcome of Board Meeting held on January 17, 2011, has considered and approved the recommendation of the Restructuring Committee to restructure the power and infrastructure business of the Company. The restructuring shall be implemented in terms of a composite scheme of arrangement under the provisions of Sections 391-394 of the Companies Act, 1956 between the Company, Indiabulls Infrastructure and Power Ltd ('IIPL'), Indiabulls Builders Ltd ('IBL') _ a wholly owned subsidiary of the Company, Indiabulls Power Ltd ('IPL') - a 58.6% owned subsidiary of the Company, Poena Power Supply Ltd ('PPSL') _ a wholly owned subsidiary of IPL and their respective shareholders and creditors ('Scheme'). The Scheme provides for restructuring of the share capital of the Company, the transfer by way of a demerger of the power business of IBREL as a going concern to IIPL and the amalgamation of IBL (a wholly owned subsidiary of IBREL) into IBREL and various other matters consequential or otherwise integrally connected with the foregoing. The Scheme shall be subject to necessary approvals of shareholders and creditors and sanction of the Hon'ble High Court of Delhi. The appointed date of the said demerger and amalgamation is April 01, 2011. Basis the valuation by an independent valuer and the fairness opinion by SEBI registered Merchant Banker on the valuation report, upon the Scheme becoming effective, post its sanction by the Hon'ble High Court of Delhi, shareholders of the Company will get 2.95 (two point nine five) equity shares of Rs. 2 each of IIPL for every 1 (one) equity share of Rs. 2/- each held by them on the record date to be yfixed by IBREL.