Kejriwal comments drag Indiabulls group stocks lower

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Kejriwal comments drag Indiabulls group stocks lower
Shares in the Indiabulls Group companies were dumped by investors following comments from India Against Corruption Activist Arvind Kejriwal that the group had investments from politicians.

Indiabulls Securities was down 7%, Indianbulls Financials was trading lower by 6.5%, Indiabulls Real Estate shed 9% and Indiabulls Power was down 5.5% on the Bombay Stock Exchange.

On Tuesday, Arvind Kejriwal in his second press conference had alleged that the group had investments from politicians.

Indiabulls Group has a networth of Rs 19,320 Crore & has a strong presence in important sectors like financial services, power & real estate through independently listed companies.

The firms have investments from Lakshmi Mittal and Harish Fabiani.

GoodReturns.in

Read more about: indiabulls group
Story first published: Wednesday, October 10, 2012, 10:50 [IST]
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