Indiabulls shares rise after report government finds no irregularities in its deals

Embassy Developments

20/02/2020 07:28

** Shares of the various units of conglomerate Indiabulls
rise after report India's corporate affairs ministry finds no
major irregularities in its deals  urn:newsml:reuters.com:*:nFWN2AK00V (https://bit.ly/3bRCXl9)
 
    ** Shares of Indiabulls Housing Finance Ltd  INBF.NS  rise
as much as 17.8%, Indiabulls Ventures Ltd  INDB.NS  up as much
as 9.4%
    ** "Registrar of Companies has said in its third & probably
final inspection report that all transactions between various
units of Indiabulls have been at arms' length" - BloombergQuint
tweet citing Bloomberg (https://bit.ly/2HFDV64)
    ** Shares of Indiabulls Integrated Services Ltd  IIAB.NS 
and Indiabulls Real Estate Ltd  INRL.NS  up as much as 5%

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))