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IBULHSGFIN - Indiabulls Housing Finance News Story

₹184.9 -1.9  -1.0%

Last Trade - 11/05/21

Sector
Financials
Size
Mid Cap
Market Cap £794.0m
Enterprise Value £6.43bn
Revenue £978.2m
Position in Universe 324th / 3109

BUZZ-India's Lakshmi Vilas Bank rises on approving merger with Indiabulls Housing

Mon 8th April, 2019 5:24am
** Shares of private sector lender Lakshmi Vilas Bank Ltd
 LVLS.NS  rise as much as 4.9 pct to 97.4 rupees, their highest
since September 2018
    ** The bank, on Friday, approved a merger deal with
Indiabulls Housing Finance Ltd  INBF.NS   urn:newsml:reuters.com:*:nL3N21N1Z8
    ** India's central bank said on Sunday it has not yet
approved the merger proposal of Lakshmi Vilas and Indiabulls
Housing Finance  urn:newsml:reuters.com:*:nL3N21P028
    ** About 2.2 mln shares change hands compared with the
30-day average of around 3.4 mln shares
    ** As of Friday's close, stock is up 6.48 pct so far this
year

 ((harish.bhaskar.thomsonreuters.com@reuters.net))
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