Tuesday, May 26, 2020 | Last Update : 08:45 AM IST

62nd Day Of Lockdown

Maharashtra50231146001635 Tamil Nadu162778324112 Gujarat140636412858 Delhi134186540261 Rajasthan70283848163 Madhya Pradesh66653408290 Uttar Pradesh62683538161 West Bengal36671339272 Andhra Pradesh2780184156 Bihar257470211 Karnataka208965442 Punjab2060189840 Telangana1854109253 Jammu and Kashmir162180921 Odisha13365507 Haryana118476516 Kerala8485206 Assam393584 Jharkhand3701484 Uttarakhand317583 Chandigarh2621794 Chhatisgarh252640 Himachal Pradesh203594 Tripura1941650 Goa66160 Puducherry41120 Manipur3220 Meghalaya14121 Arunachal Pradesh210 Mizoram110 Sikkim100

Indiabulls Housing Finance soars after writ petition withdrawn

REUTERS
Published : Jun 13, 2019, 2:21 pm IST
Updated : Jun 13, 2019, 2:21 pm IST

Indiabulls Housing Finance shares increased nearly 8 per cent higher.

A criminal writ petition had been filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees had been siphoned out of Indiabulls.
 A criminal writ petition had been filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees had been siphoned out of Indiabulls.

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Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8 per cent higher.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 criminal writ petition filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees (USD 14 billion) had been siphoned out of the company by senior officials using a web of shell companies.

The company said on Wednesday the petitioner had admitted in court that the petition was defective in nature and that he would approach the court after rectifying it.

Tags: indiabulls housing finance, supreme court
Location: India, Karnataka, Bengaluru
ADVERTISEMENT
ADVERTISEMENT