Mumbai: Shares in Indiabulls Financial Services Ltd slumped as mush as 7.2% on Friday after 21.9 million shares changed hands at an average price of around Rs.284.03 in more than a dozen block deals on both National Stock Exchange and Bombay Stock Exchange.
On Thursday Indiabulls launched a share sale for institutional investors to raise up to Rs.448 crore ($84 million), according to a term sheet obtained by Reuters.
