Indiabulls Housing Finance falls after Capri Global trims stake

Sammaan Capital

26/10/2023 06:17

** Shares of Indiabulls Housing Finance  INBF.NS  fall as
much as 3.88% to 150.05 rupees per share, lowest in more than
two months
    ** Stock set for fourth straight decline, if losses hold
    ** Slide after Capri Global Holdings sold 2.537 mln shares
at 157.8 rupees apiece in bulk deals, National Stock Exchange
data shows
    ** Capri Global had held 16.46 mln shares of INBF,
aggregating to 3.43% stake, at the end of Sept-quarter
    ** INBF among top losers in small-cap index  .NIFSMCP100 
which is down 2.55% - LSEG data
    ** INBF down 2.5% in 2023 so far, including today's losses,
compared to 25% rise in small-cap index

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))