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Indiabulls Housing Finance shares slump for 2nd straight day, down 9%

Updated : June 12, 2019 02:37 PM IST

Shares fell after a plea was filed in the Supreme Court seeking legal action against the company's chairman and directors for alleged misappropriation of Rs 98,000 crore of public money.
The petition alleged that money was siphoned off by Sameer Gehlaut,  chairman of the firm, and the directors of Indiabulls for their personal use.
Indiabulls Housing Finance shares slump for 2nd straight day, down 9%

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