Indiabulls Housing soars 20% as RBI dismisses violation charge
Other group firms including Indiabulls Real Estate and Indiabulls Integrated Services gained up to 5 per cent.
By ETMarkets.com | Updated:
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Shares of Indiabulls Housing Finance climbed over 20 per cent in Monday’s early trade after it informed bourses that the Reserve Bank of India’s (RBI) affidavit has mentioned no violations of any nature or kind regarding the company.
In a regulatory filing, the company said the RBI submitted its affidavit in the court in the PIL matter, and the RBI affidavit highlighted the details of loans taken by the borrowers mentioned in PIL and the repayment dates of such loans.
The RBI affidavit states that: “The Writ Petition is not maintainable either on facts or law as against this Respondent, the Reserve Bank of India, and hence liable to be dismissed as such.”
Other group firms including Indiabulls Real Estate and Indiabulls Integrated Services gained up to 5 per cent.
The shares of the company closed 1.66 per cent higher at Rs 284.35 on BSE.
In a regulatory filing, the company said the RBI submitted its affidavit in the court in the PIL matter, and the RBI affidavit highlighted the details of loans taken by the borrowers mentioned in PIL and the repayment dates of such loans.
The RBI affidavit states that: “The Writ Petition is not maintainable either on facts or law as against this Respondent, the Reserve Bank of India, and hence liable to be dismissed as such.”
Other group firms including Indiabulls Real Estate and Indiabulls Integrated Services gained up to 5 per cent.
The shares of the company closed 1.66 per cent higher at Rs 284.35 on BSE.
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