Indiabulls Housing, group companies tank following probe order
New Delhi, Sept. 30 -- Shares of Indiabulls Housing Finance Ltd on Monday nosedived over 38%--their maximum fall since listing--to hit an over five-year low after a court-ordered probe into allegations of fraud at the company. A fall in shares of Lakshmi Vilas Bank after the Reserve Bank of India (RBI) initiated prompt corrective action (PCA) plan on the lender also put pressure on Indiabulls Housing....
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