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Indiabulls Housing Finance shares rise 8%, writ petition withdrawn

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Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher.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

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BENGALURU, June 13 (Reuters) – Indiabulls Housing Finance Ltd INBF.NS on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher.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 India’s Supreme Court, alleging that about 980 billion rupees ($14 billion) had been siphoned out of the company by senior officials using a.

The news of the withdrawal of the petition sent the Indiabulls Housing Finance scrips soaring up to 9 per cent after the shares tanked by 8 per cent on Tuesday. In a big relief to Indiabulls Housing Finance, the petitioner who had approached the Supreme Court alleging misappropriation of funds, withdrew the plea on Thursday..

Shares of Indiabulls Housing soared more than 9 percent intraday on June 13 after a writ petition alleging financial misdeeds against the mortgage lender was withdrawn. A criminal writ petition filed.

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Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8 per cent higher. A.

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Shares of Indiabulls Housing Finance on Thursday closed 11.78% higher after a petition alleging misappropriation of funds was withdrawn from the Supreme Court. In fact, share prices of all Indiabulls.

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Indiabulls Housing Finance on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares over 10 per cent higher. A criminal writ petition filed on Monday in Supreme Court, alleging that about Rs 98,000 crore ($14 billion) had been siphoned out of the company by senior officials.

Indiabulls Housing Finance soars after writ petition withdrawn reuters. indiabulls housing finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares.

Indiabulls Housing Finance shares rise 8%, writ petition withdrawn The petitioner admitted in court that the petition was defective in nature and he would approach the court after rectifying it.A criminal writ petition filed in the Supreme Court on Monday alleged that 98000 crore had been siphoned out of the firm by senior officials using a.