Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’

Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’ 2019-06-11 Shares of mortgage lender Indiabulls Housing Finance Ltd fell as much as 8.58 per cent to Rs 671.25 after a writ was filed on Monday in the Supreme Court against Chairman Sameer Gehlaut for allegedly siphoning Rs.

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Allegation Of Siphoning-Off Rs 98,000 Crore ‘Bizarre’: Indiabulls Housing Finance The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut and the directors of.

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Shares of Indiabulls Housing Finance Ltd (ibhfl) dropped 8 per cent Tuesday following allegations of siphoning off Rs 98,000 crore of public money.The scrip plunged 7.97 per cent to close at Rs 674.65

Allegation of siphoning-off Rs 98,000 cr 'bizarre': Indiabulls Housing Finance · Indiabulls Real Estate profit drops as it seeks to exit business. The statement came after a plea was filed in the apex court on Monday seeking legal. ihfl said the writ petition is a "desperate attempt" to malign its reputation.

On the NSE, shares of the company tanked 8% to close at 674.15.. A plea was filed in the Supreme Court on Monday seeking legal action against IBHFL, its chairman and directors for alleged misappropriation of. Terming the allegations as "bizarre", IBHFL on Monday said the writ petition filed in the.

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