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

Indiabulls Housing falls after writ filed against chairman; calls allegation ‘bizarre’ 11 Jun, 2019, 11.14AM IST. About 3 million shares changed hands, compared with the 30-day average of 3.2 million shares.

Indiabulls Housing falls after writ filed against chairman. Shares of mortgage lender indiabulls housing Finance 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 98,000 crore ($14.11 billion).

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.

** Shares of mortgage lender Indiabulls Housing Finance Ltd fall as much as 8.58% to 671.25 rupees after a writ was filed on Monday in India’s Supreme Court against Chairman Sameer Gehlaut for.

Indiabulls Housing falls after writ filed against chairman. 671.25 after a writ was filed on Monday in the Supreme Court against Chairman Sameer Gehlaut for allegedly siphoning Rs 98,000 crore ($14.11 billion). IB Housing Finance called the allegation "bizarre" as total loans on its books are.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender has been withdrawn, sending shares nearly 8 percent higher. A criminal writ petition filed on Monday in Supreme Court alleged that about Rs 98,000 crore had been siphoned out of the company by senior officials using a web of.

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Indiabulls, Indiabulls Housing Finance Ltd, Abhay Yadav, Supreme. IHFL had described the allegations against its Chairman Sameer. The statement came after a plea was filed in the apex court on. The allegation of siphoning-off Rs 98,000 crores is bizarre,” the company said in a regulatory filing.

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Indiabulls Housing falls after writ filed against chairman; company says allegation ‘bizarre’ Indiabulls Housing shares soar as petitioner withdraws writ.. – The news of the withdrawal of the petition sent the Indiabulls Housing Finance scrips soaring up to 9 per cent after the shares tanked by 8 per cent on Tuesday.

At NSE, shares of the company tumbled 8.46 per cent to Rs 671.25.. seeking legal action against IBHFL, its Chairman and directors for alleged. New Delhi: Shares of Indiabulls Housing Finance Ltd (IBHFL) dropped. Terming the allegations "bizarre", IBHFL on Monday said the writ petition filed in the.

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