LIC Housing Finance shares plunge after CBI raids
Shares of Central Bank also fell. However, S Shridar, CMD of Central Bank of India denied any such raids at any of the bank’s branches.
By ET Bureau |
MUMBAI: Shares of LIC Housing Finance plunged after reports surfaced that Central Bureau of Investigation raided the offices of the finance company in connection with an alleged multi-crore home loans scandal.
The scrip plunged 18.32 per cent to Rs 1068.55 on the BSE. It touched a low of Rs 1031.10 in trade so far.
Shares of Central Bank of India also tanked on the same issue. However, S Shridar, CMD, Central Bank of India denied any such raids at any of the bank’s branches. He told ET Now that none of the bank’s officials were contacted by the investigative agency regarding any home loan scam.
The scrip fell 8.02 per cent to Rs 197.90 on the BSE. It touched a low of Rs 191.40 in trade so far.
Shares of Money Matters Financial Services also faced selling pressure. The scrip tanked 19.99 per cent to intraday low of Rs 531.20 on the BSE.
The scrip plunged 18.32 per cent to Rs 1068.55 on the BSE. It touched a low of Rs 1031.10 in trade so far.
Shares of Central Bank of India also tanked on the same issue. However, S Shridar, CMD, Central Bank of India denied any such raids at any of the bank’s branches. He told ET Now that none of the bank’s officials were contacted by the investigative agency regarding any home loan scam.
The scrip fell 8.02 per cent to Rs 197.90 on the BSE. It touched a low of Rs 191.40 in trade so far.
Shares of Money Matters Financial Services also faced selling pressure. The scrip tanked 19.99 per cent to intraday low of Rs 531.20 on the BSE.
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