Indiabulls Financial shares slump after block deals
MUMBAI (Reuters) - Shares In Indiabulls Financial Services(IBUL.NS) slumped as mush as 7.2 percent on Friday after 21.9 million shares changed hands at an average price of around 284.03 rupees in more than a dozen block deals on both National Stock Exchange and BSE.
On Thursday Indiabulls launched a share sale for institutional investors to raise up to 4.48 billion rupees, according to a term sheet obtained by Reuters.
At 11:20 a.m., shares were down 4.7 percent.
(Reporting by Manoj Dharra; Editing by Rafael Nam)
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