Indiabulls Housing Finance shares rise 8%, writ petition withdrawn

Bengaluru: Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition filed on Monday in Supreme Court alleged that about 98000 crore ($14 billion) had been siphoned out of the company by senior officials using a web of shell companies.

Indian shares pared early declines to end steady on Thursday, aided by a rally in Indiabulls Housing Finance Ltd stock after a writ petition in the. by senior officials was withdrawn. Indiabulls.

BENGALURU, June 13 Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher.

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NEW DELHI: Indiabulls Housing Finance Ltd. said on Thursday that Abhay Yadav, the petitioner who alleged that the company and its Chairman Sameer Gehlaut misappropriated funds, withdrew his writ petition from the supreme court. ians has been repeatedly pointing out that the petitioners filed the plea with malafide intent.

Mumbai: Shares of Indiabulls group companies fell sharply during the early trade on Wednesday while its subsidairy company Indiabulls Real Estate was locked in the lower circuit.. Shares of Indiabulls Housing Finance finsihed 8.48 per cent lower at Rs 558 each after.

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Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender has been withdrawn, sending shares nearly 8 percent higher. A criminal writ petition filed on Monday in Supreme Court alleged that about Rs 98,000 crore had been siphoned out of the company by senior officials using a web of.

Bengaluru: Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. Shares of Indiabulls Housing Finance plunged over 10 percent on Monday amid allegations of embezzlement of more than Rs 1 lakh.

Indiabulls Housing Finance Ltd. Stock/Share prices, Indiabulls Housing Finance Ltd. Live BSE/NSE, F&O Quote of Indiabulls Housing Finance Ltd. with Historic price charts for NSE / BSE. Experts.

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