Indiabulls Financials shares down on block deals

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Indiabulls Financials shares down on block deals
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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