Indiabulls Housing News

The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance.

Shares of Indiabulls Housing Finance cracked as much as 15 per cent on Friday after its promoter Sameer Gehlaut sold 11.9 per cent stake in the firm.

The domestic stock indices are expected to trade flat on Friday, taking cues from the global markets.

Indiabulls Housing Finance's net profit rose to Rs 276 crore in the quarter ended March 2021 from Rs 137 crore in the corresponding quarter last year

List of Stocks in Focus Today: Market participants awaited official data on India's gross domestic product (GDP) due after market hours for near-term triggers

The ministry, in its affidavit submitted in the court, however, said that it is examining the violations pointed out in the inspection report.

According to Moody's rating rationale, the downgrade was driven by Indiabulls' ongoing challenging access to funding.

Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.

The announcement comes a day after Indiabulls Real Estate and Indiabulls Ventures said their boards would discuss share buyback at the October 11 meeting.

A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.

Indiabulls Housing Finance shares slumped as much as 38.34 per cent to Rs 240.15 on the BSE, also its lowest level since April 2014.

The law firm had earlier alleged that Indiabulls was involved in misappropriation of public money to the tune of Rs 98,000 crore.

The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut and the directors of the firm for their personal use.

RBI earlier said it is yet to approve Lakshmi Vilas Bank-IHFL merger. In a statement the RBI had noted that it would examine the proposal as per extant regulatory guidelines and directions.

Indiabulls Housing Finance said it has raised Rs 1,330 crore through a three-year masala bond sale to international investors, making it the second home finance company after market leader HDFC to raise funds through this route.

The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance.

Shares of Indiabulls Housing Finance cracked as much as 15 per cent on Friday after its promoter Sameer Gehlaut sold 11.9 per cent stake in the firm.

The domestic stock indices are expected to trade flat on Friday, taking cues from the global markets.

Indiabulls Housing Finance's net profit rose to Rs 276 crore in the quarter ended March 2021 from Rs 137 crore in the corresponding quarter last year

List of Stocks in Focus Today: Market participants awaited official data on India's gross domestic product (GDP) due after market hours for near-term triggers

The ministry, in its affidavit submitted in the court, however, said that it is examining the violations pointed out in the inspection report.

According to Moody's rating rationale, the downgrade was driven by Indiabulls' ongoing challenging access to funding.

Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.

The announcement comes a day after Indiabulls Real Estate and Indiabulls Ventures said their boards would discuss share buyback at the October 11 meeting.

A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse.

Indiabulls Housing Finance shares slumped as much as 38.34 per cent to Rs 240.15 on the BSE, also its lowest level since April 2014.

The law firm had earlier alleged that Indiabulls was involved in misappropriation of public money to the tune of Rs 98,000 crore.

The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut and the directors of the firm for their personal use.

RBI earlier said it is yet to approve Lakshmi Vilas Bank-IHFL merger. In a statement the RBI had noted that it would examine the proposal as per extant regulatory guidelines and directions.

Indiabulls Housing Finance said it has raised Rs 1,330 crore through a three-year masala bond sale to international investors, making it the second home finance company after market leader HDFC to raise funds through this route.