Indiabulls Housing Finance shares rise 8%, writ petition withdrawn

NEW DELHI: Shares of indiabulls housing finance soared 11 per cent in Thursday’s trade in a knee-jerk reaction to the announcement that Abhay Yadav, who had filed a petition against promoter Sameer Gehlaut and the company over alleged fund misappropriation, has withdrawn his case in the Supreme Court.

In a major relief to Indiabulls Housing Finance, the petitioner. having signed the complaints, petition, applications etc without realizing its contents therefore I have decided to unconditionally.

On the other hand, S&P BSE Finance Index was top gainer, up 0.3 per cent. Mid- and small-cap shares. indiabulls Housing Finance jumped 12 per cent to end at Rs 695 after a writ petition alleging.

Read more about Petitioner apologises, withdraws complaint against Indiabulls Housing finance on Business Standard. Indiabulls Housing Finance said on Thursday the petitioner, who had filed a plea in Supreme Court alleging misappropriation of Rs 98,000 crore by the company, has withdrawn the writ petition.A day earlier, the vacation bench of Justices Indira

Indiabulls Housing Finance on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares over 10 per cent higher. A criminal writ.

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Petitioner withdraws misappropriation case against Indiabulls Housing Finance news and related update by Business Line. Writ petition blaming Indiabulls Housing Finance of misappropriating Rs 98,000 crore of public money withdrawn. Intimation About Withdrawal Of New Business For.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees ($14 billion) had.

Bengaluru: Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal.

Indiabulls Housing Finance Ltd on Thursday said a writ petition alleging financial misdeeds against the mortgage lender had been withdrawn, sending shares nearly 8% higher. A criminal writ petition filed on Monday in India’s Supreme Court, alleging that about 980 billion rupees ($14 billion) had

Indiabulls Housing Finance says writ petition filed in the Supreme Court against the company and its Chairman Sameer Gehlaut alleging misappropriation of funds has been withdrawn.

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Shares of Indiabulls Housing Finance surged 8% after falling 5% intraday. The company said that the writ petition filed in the Supreme Court against company and Sameer Gehlaut has been withdrawn.

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