indiabulls

Sammaan Capital shares surged 6% following the RBI's approval for a controlling stake acquisition by UAE's International Holding Company (IHC). IHC will invest approximately Rs 8,850 crore through its entity, Avenir Investment, marking a significant development for the company.

indiabulls Group was hit by a ransomware that threatened to expose confidential data of its group companies if they don’t pay a ransom within 24 hours. Beenu Arora, founder and CEO of Cyble, a US-based cyber threat intelligence company, told TOI that it was a Clop ransomware operator. The Clop modus operandi is like other groups such as Maze and Revil.

The government’s investigation hasn’t found any significant financial irregularities in the operations of the indiabulls group, according to people familiar with the matter.

The money laundering case is based on a complaint filed by an investor based in Wada (Palghar district) alleging that indiabulls promoters allegedly fluctuated the share prices to make huge profit causing loss to the investors.

Shares of indiabulls Housing Finance zoomed more than 8 per cent on the BSE index after the government affidavit filed in Delhi high court said it didn't find any irregularities in loans given to five companies.

Sameer Gehlaut, who co-founded the indiabulls group 23 years ago, is stepping down as the chairman of the group’s flagship company indiabulls Housing Finance (IBHFL).

Drama unfolded when a team of ED officials from Delhi landed at the indiabulls Housing Finance company office at Prabhadevi in Mumbai and another company's office in Pune to undertake a search in a money laundering case. indiabulls officials in Mumbai cited a Delhi high court order imposing a stay on any ED action. But the ED eventually searched the premises when the indiabulls team failed to produce the court order.

Canadian research firm Veritas’ report on indiabulls group with a ‘sell’ rating has prompted the latter to file a complaint with the economic offences wing of the Mumbai Police alleging “intentional mis-representation of facts” to profit Veritas’ clients.

Infrastructure financing major IL&FS is investing Rs 200 crore in a project by indiabulls Real Estate that is coming up in the upmarket Worli area in the city.

indiabulls Real Estate promoters have sold 14 per cent stake through open market transactions to Embassy Group for Rs 950 crore, as part of the group's strategy to focus on financial services and exit from realty business.

Moody's Investors Service has said that indiabulls Real Estate Limited's (indiabulls, B1 stable) weak operating sales in the fourth quarter of 2014-15 is credit negative. indiabulls reported operating sales of 0.66 million square feet for Rs 550 crore for the quarter ending March 31 and 1.77 million square feet, for Rs 2040 crore in 2014-15 against Moody's expectation of 3-4 million square feet, for Rs 2500-3000 crore.

Mortgage player indiabulls Housing Finance (IBH) on Wednesday said former RBI deputy governor S S Mundra has been appointed as its non-executive chairman with immediate effect. Mundra had joined the board of IBH in 2018 as an independent director.

Sameer Gehlaut, who co-founded the indiabulls group 23 years ago, is stepping down as the chairman of the group’s flagship company indiabulls Housing Finance (IBHFL).

SEBI had on Feb 25, 2009, imposed a fine of Rs 15 lakh on indiabulls Securities after finding that it indulged in manipulative and fraudulent practices in the futures and options (F&O) during January-March 2007.

Eyebrows are being raised in political and industrial circles over indiabulls' donation of Rs 2.5 crore to the Bhujbal foundation, headed by high-profile .

Eyebrows are being raised in political and industrial circles over indiabulls’ donation of Rs 2.5 crore to the Bhujbal foundation, headed by high-profile public works minister Chhagan Bhujbal.

LN Mittal, has acquired 8.2% stake in indiabulls Credit Services, a subsidiary of indiabulls Financial Services, for Rs 90 crore.

Ribbit Capital, the San Francisco-based technology investor that funded Robinhood, whose lockdown-induced online stock trading clients are now famously nicknamed ‘Robinhood traders’, is leading a Rs 588-crore stake buy in indiabulls Ventures.