Indiabulls Ventures tumbles over 7% in an otherwise strong market

On Friday, Indiabulls Ventures said it will raise Rs 588 crore by issuing preferential shares to certain foreign investors

Shares of Indiabulls Ventures dipped as much as 7.8 per cent to Rs 198 on the NSE in an otherwise firm market on Monday. The stock was among the top gainers at the bourses last week during which it had risen 19.28 per cent as compared to Nifty50's 2.42 per cent gain in the same period.

At 9:54, the stock had pared some losses and was trading 3.68 per cent lower at Rs 207 as compared to 0.97 per cent gain in the Nifty50 index. Around 10.92 lakh shares have changed hands on the NSE and BSE combined so far.