 "stock market, fall, divestment, company, firm")
Despite announcing a share buyback plan, Indiabulls Housing Finance plunged 20 per cent on the BSE to hit an over five-year low of Rs 193 on Thursday after the Reserve Bank of India (RBI) on Wednesday rejected its proposed amalgamation with Lakshmi Vilas Bank (LVB). The stock of housing finance company was trading at its lowest level since March 2014.
Yesterday, Indiabulls Housing Finance announced that the board of directors would meet on Monday, October 14, 2019 to consider the proposal of buyback of equity shares of the company. The announcement came after the RBI did not approve the HFC's proposed
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