Indiabulls Housing Finance shares plunge on bond exposure to YES Bank

Shares of Indiabulls Housing Finance on Monday plunged over 16 per cent after the company said it had an exposure of Rs 662 crore in the form of bonds to YES Bank.

On the BSE, the stock plunged 16.06 per cent to close at Rs 213.55. Intra-day, it lost as much as 19.08 per cent to Rs 205.85. It fell 18.47 per cent to settle at Rs 207.50 on the NSE. In terms of volume, more than 40 million shares were traded on the NSE and 2.7 million units on the BSE.

“YES Bank owes to Indiabulls Housing