Reuters logo
Indiabulls Financial shares slump after block deals
February 8, 2013 / 4:22 AM / 5 years ago

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.

A trader looks at a screen at a stock brokerage firm in Mumbai March 7, 2008. REUTERS/Arko Datta/Files

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below