Income Tax Dept raids Indiabulls offices, stocks crash
The Income Tax Department is carrying nation-wide searches at various companies of Indiabulls Group offices.
Following the raid, shares of Indiabulls Housing Finance slumped by nearly 38 points or 5.09% at Rs. 705.50.
Shares of Indiabulls Ventures Ltd fell by over 8% on the Nifty and close to 9% on BSE on Tuesday.
Shares of Indiabulls Real Estate fell by 8% on BSE and NSE on Tuesday.