Page 3 - Indiabulls Housing Finance Limited

Indiabulls to exit realty biz, merge with entity led by Embassy, Blackstone

In the past two years, IBREL has sold commercial assets to Blackstone for around Rs 12,250 crore

RIL biggest wealth creator during 2014-19, added Rs 5.6 trillion: Study

The surge in wealth creation in the sector has been led by private banks and non-banking financial companies (NBFCs).

'No irregularities': MCA relief to Indiabulls Housing Finance, for now

It is, however, still probing the company, one of the country's largest real estate lenders, and has sought two months' time for filing additional affidavit in this matter

Tata Motors, Yes Bank and Vedanta to move out of BSE Sensex from Dec 23

Tata Motors, Tata Motors with differential voting right (DVR), Yes Bank and Vedanta will be dropped from the BSE's benchmark Sensex from December 23. In their places, UltraTech Cement, Titan Co Ltd and Nestle India will be added in the index, Asia Index, a joint venture between S&P Dow Jones Indices and the BSE, said in a statement on Friday. Besides, UPL Ltd and Dabur India will find a place in the S&P BSE Sensex 50, replacing Indiabulls Housing Finance and Yes Bank. Among other changes, Indiabulls Housing Finance, Yes Bank, InterGlobe Aviation, SBI Life Insurance Company and Info Edge (India) will make entry in the S&P BSE Sensex Next 50, while Cadila Healthcare, Dabur India, Glenmark Pharmaceuticals, UPL Ltd and Edelweiss Financial Services will be dropped from the index. The changes will be effective from Monday, December 23, 2019, Asia Index said. Apart from these, changes have been made in several indices including S&P BSE 500, S&P BSE 200 and S&P BSE

Inspecting complaints against Indiabulls Group: Centre tells Delhi HC

The ministry's affidavit was filed in response to a PIL by an NGO, Citizens Whistle Blower Forum, alleging financial irregularities by IBHFL

DHFL, Indiabulls Housing, RCap, RInfra tank over 50% in one month

In the past one month, the S&P BSE Sensex and S&P BSE Midcap index were up 2 per cent and 4 per cent, respectively.

RBI rejection of LVB deal surprising, had govt backing: IndiaBulls MD Banga

The uncertainty over the deal as well as legal woes have led to a run on the stock valuations of both the companies which have lost nearly half of their pre-merger-announcement value

LVB to continue fund raising after RBI rejected merger with IndiaBulls

The decision taken by the RBI brings to an end the uncertainty and the financial institution would continue to raise capital as per the permitted modes in compliance with all applicable regulations

RBI's 'no' to Indiabulls-Lakshmi Vilas Bank merger fans contagion risks

On Wednesday evening, the Reserve Bank of India quashed a proposed merger of Indiabulls Housing Finance Ltd., one of the country's largest real-estate lenders, with Lakshmi Vilas Bank Ltd

RBI rejects merger of lndiabulls Housing Finance with Lakshmi Vilas Bank

The bank had sought approval from the Reserve Bank of India (RBI) on May 7, 2019

Govt to submit probe report on Indiabulls by the end of October

Indiabulls Housing Finance, Indiabulls Ventures, Indiabulls Real Estate are being probed for potential wrongdoing by the Registrar of Companies

Rate sensitives plunge on panic selling in banks; YES Bank tumbles 30%

Based on publically available data, analysts at Macquarie said in a recent report that YES Bank, Bank of Baroda (BOB) and IndusInd Bank are the most exposed to Indiabulls Group

Indiabulls seeks early hearing on fraud charges after record share slump

The development represents an effort to get out ahead of recent headlines that contributed to its share price losing an unprecedented 34% slump on Monday. Shares rebounded 5% on Tuesday

Indiabulls Housing Finance shares fall 34% on concerns over LVB merger

The RBI placing Lakshmi Vilas Bank under PCA framework amidst the proposed merger, and litigation against the housing financier are perceived negatively by investors

LVB under pressure as RBI initiates PCA; Indiabulls Hsg Fin tanks over 30%

Both LVB and Indiabulls Housing Finance are proposed to merge. Last month, IBHFL said it expects the regulator to take a decision on its merger plan with Lakshmi Vilas Bank in the next two months.

Indiabulls Real Estate hits over 3-year low; Indiabulls Ventures tank 19%

Thus far in the July-September quarter, the market price of Indiabulls Real Estate more than halved from level of Rs 114, as compared to 1.5 per cent decline in the S&P BSE Sensex.

ICRA downgrades Indiabulls Housing long-term ratings to AA+ from AAA

The realty sector has been hit by subdued sales and rising challenges on the funding front, said ICRA

I felt time was right for me to go: LVB MD & CEO Parthasarathi Mukherjee

Claims he resigned for personal reasons, adds that a new person at the helm may succeed where he failed

Nestle India set to replace Indiabulls Housing in Nifty next month

So far, Nestle India wasn't part of the Nifty even as its total market cap exceeds over half of Nifty components

IHFL's real estate exposure a challenge for merger with Lakshmi Vilas Bank

While wholesale book is down to 16% in Q1, it may still be outside the regulator's comfort zone