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Ratings agency Standard & Poor's affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chance of a ratings downgrade over the next 12 months, a statement said on Friday. Full Article
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Indiabulls Financial shares slump after block deals
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)
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