Shares of Indiabulls Financial Services dropped sharply by as much as 5 percent on Friday after 2.19 crore shares changed hands in more than 12 block deals on both National Stock Exchange and the Bombay Stock Exchange.
On Thursday, Indiabulls Financials launched a share sale for institutional investors to raise up to Rs 440 crores.
The shares of Indiabulls are currently trading at Rs 285 on the Bombay Stock Exchange.
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Story first published: Friday, February 8, 2013, 11:58 [IST]
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