indiabulls housing
Lakshmi Vilas Bank drops 5 pc to hit lower circuit
The bank's scrip declined 4.92 per cent to trade at Rs 34.75 apiece in afternoon deals on the BSE.
Follow-up buying seen emerging in market
The index consolidated in a range throughout the day and ended around the 11700 mark.
RBI says not yet approved merger of Lakshmi Vilas and Indiabulls Housing
Shareholders of the Chennai-based bank will get 0.14 share in Indiabulls for every share held in the lender.
Short-term trend remains positive
Barrring IT, banking and pharma all other sectoral indices ended in red led by metal, energy, auto, FMCG and infra.
Softbank invests Rs 2,800 cr in Indiabulls Housing Fin's associate OakNorth
The current loan book of OakNorth is Rs 21,390 crore and the bank has no delinquencies as on date.
Indiabulls Housing Q4 net up 24 per cent
Total revenues stood at Rs 3,225 crore in the March quarter, up 21.8 per cent from Rs 2,647 crore a year ago.