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Indiabulls Financial shares slump after block deals

Indiabulls launched a share sale for institutional investors to raise up to Rs.448 crore
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First Published: Fri, Feb 08 2013. 10 08 AM IST
Shares in Indiabulls Financial Services slumped as mush as 7.2%. Photo: Priyanka Parashar/Mint
Shares in Indiabulls Financial Services slumped as mush as 7.2%. Photo: Priyanka Parashar/Mint
Updated: Fri, Feb 08 2013. 03 49 PM IST
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.
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First Published: Fri, Feb 08 2013. 10 08 AM IST
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