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Stock in News: RBI rejected the merger of India Bulls HF

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Shares of Indiabulls Housing Finance and Lakshmi Vilas Bank come out with their stock trends on Thursday, after RBI rejected the proposal of their merger plan.

In line with the news, shares of Indiabulls Housing Finance have fallen by over 17% after the the Central Bank rejected the proposed amalgamation of the financier with the Lakshmi Vilas Bank. Shares of Lakshmi Vilas Bank has also fallen today to an extent of 4.8%

Also, Indiabulls Housing Finance informed the stock exchanges on Wednesday that the company‚Äôs board meeting to be held on 14-October, to mull share buyback. Get best stock Tips from the experts.

During mid-session at around 11:30 hours, Indiabulls Housing Finance stock traded lower at Rs.195.20, down 18.6%. The stock hit an intraday low level at Rs.192.65. In comparison, the Nifty traded at 11,246-level, down by 67 points, and the Sensex scaled down at 37,938-level, lower by 239 points. For Free stock tips  visit our website.

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