Indiabulls Housing Finance up after partnering with HDFC for housing loans

Sammaan Capital

22/04/2021 06:23

** Shares of housing loan provider  INBF.NS  jump as much as
12.48% to 185.70 rupees - their biggest pct gain since Dec. 16
    ** Co enters into co-lending partnership with HDFC Ltd
 HDFC.NS  to offer housing loans (https://bit.ly/3vb9ATH)
    ** INBF will retain 20% of the loan in its books and rest
will be on HDFC's books
    ** More than 25.9 mln shares change hands by 0516 GMT, 1.5
times their 30-day avg of 16.7 mln shares 
    ** Stock down 25.06% this year, as of last close

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))