IndianBulls shares tank over exclusion from Nifty50
Thursday - August 29, 2019 12:00 pm ,
Category : BUSINESS
Mumbai, Aug 29 (IANS) Shares of Indiabulls Housing Finance on Thursday fell over 8 per cent as the company awaited exclusion from the Nifty 50 index.The housing finance company will be replaced by Nestle India which jumped over 3 per cent in the early trade.The exclusion of IndiaBulls Housing Finance will take effect from September 27.Earlier Indiabulls had fell sharply after rating agency Moody's downgraded the company's long-term corporate family rating to Ba2 from Ba1, while also changing its outlook to negative from stable.
--IANS ravi/inA
--IANS ravi/inA
