Law firm issues apology to Indiabulls Housing Finance over false suit, shares jump 14%
Updated : August 13, 2019 11:04 AM IST
Indiabulls Housing Finance on Tuesday received a public apology from Managium Juris LLP, the office of Kislay Panday for filing a petition against the housing finance company with false and sensational allegations in regards of merger with Lakshmi Vilas Bank.
Managium Juris LLP accepted the fact that they sensationalized allegations against Indiabulls and caused harassment to the company.
At the end of the release, the law firm also hinted on other people trying to scuttle Indiabulls Housing merger with Lakshmi Vilas Bank for their own vested interests and reasons.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more