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BNP Paribas, Societe Generale trim stake in Indiabulls Housing
The shares were offloaded in the range of Rs 221.34-221.75 apiece, valuing the transaction size to Rs 113 crore
Indiabulls Housing stock likely to witness near-term pressure
While the Street appreciates the retail strength of Lakshmi Vilas Bank, the housing finance major's capital crunch and asset quality are key concerns