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.

Shares of Indiabulls Group were under pressure on Friday, falling by up to 19 per cent on the BSE on report that the Delhi High Court (HC) has issued notices to Indiabulls Housing Finance, Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) & the Ministry of Corporate Affairs (MCA).

Earlier this month, a public interest litigation (PIL) was filed in the Delhi High Court seeking an SIT investigation into the alleged illegalities, siphoning of funds and violations committed by the promoters of Indiabulls Housing Finance.

Delhi HC today said PIL against co alleging round-tripping