Indiabulls Financial shares slump after block deals

Fri Feb 8, 2013 9:36am IST

Related Topics

Stocks

   

MUMBAI, Feb 8 (Reuters) - Shares In Indiabulls Financial
Services Ltd 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 ($84
million), according to a term sheet obtained by Reuters.
 
 

 (Reporting by Manoj Dharra; Editing by Rafael Nam)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

India-WTO Standoff

India-WTO Standoff

India threatens to derail WTO deal, prompts angry U.S. rebuke  Full Article 

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

IPO Probe Ends

IPO Probe Ends

Facebook says SEC's IPO probe ends, extending WhatsApp closing date  Full Article 

World Stocks

World Stocks

Goldman Sachs downgrades stocks to neutral for short term  Full Article 

Disappointing Results

Disappointing Results

Amazon's far-reaching ambitions, lack of profits, unnerve investors  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Market Eye

Market Eye

Nifty retreats from record highs on profit taking.  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage