Real estate company Indiabulls Real Estate (IBREL) is trading up today post news of its buyback. The company bought back over 3.4 crore equity shares not exceeding the maximum buyback price of Rs. 90. The company decided to close the buyback early on April 10, after having completed 56.74% of the six crore shares on offer for buyback. The company's share price is currently up more than 6%.

The company recently said that it is launching its projects in London, after having bought prime properties in the city in FY14. Home prices, now stable post Brexit, have encouraged the company to resume its investments. The company launched its project Hanover Bond in March, which consisted of 80 penthouses and apartments as well as a five-star hotel and opened bookings for customers.