Indiabulls Housing Finance shares slide 38% on concerns over merger with Lakshmi Vilas Bank
Updated : September 30, 2019 04:04 PM IST
Indiabulls Housing Finance Ltd shares settled 34.40 percent lower on Monday, quoting at Rs 255.90 per share on NSE.
So far this year, Indiabulls Housing Finance shares have declined by over 70 percent.
Lakshmi Vilas Bank shares hit a 5 percent lower circuit on Monday after the Reserve Bank of India placed the lender under prompt corrective action.