Indiabulls Real Estate jumped to over 6-year high on restructuring plans.

Shares of Indiabulls Real Estate Ltd rallied as much as 42.7 per cent to highest since November 2010.

The company said that the board is considering streamlining of existing residential, commercial, and leasing businesses.

The board will either consider placing Indiabulls Commercial Assets Ltd as a separate holding company for commercial and leasing business segment, or reorganising the existing businesses via demerger.

The company added that no scheme of arrangement or proposal is currently pending before the board for approval.

More than 170 million shares traded, nearly 18 times their 30-day moving average.

The stock had risen about 49 per cent this year up to Thursday's close.