With Lakshmi Vilas Bank deal behind us, it is business as usual with more agility: Indiabulls

MUMBAI: A day after the RBI rejected merger proposal with Lakshmi Vilas BankNSE -4.87 %, Indiabulls Housing FinanceNSE 0.50 % on Thursday said the “uncertainty” about the deal is over and that the company has a stronger balance sheet after the massive cleaning up of its stable. On Wednesday, the Reserve Bank had rejected a proposal to merge Indiabulls Housing […]

Embassy Group set to take over Indiabulls’ real estate business

Indiabulls Group has set the ball rolling to exit its real estate business and signed an agreement with Bengaluru developer Embassy Group to sell its stake, people close to the development told VCCircle. The plan to exit Indiabulls Real Estate Ltd comes in the view of the group’s decision to enter the banking sector through […]

Why is Indiabulls exiting real estate business? Is RBI the reason?

Promoters of Indiabulls Real Estate (IBRE) sold 12 percent out of 38.72 percent stake held by them in the company, as per media sources. This piece of news comes days after the group companyIndiabulls Housing Finance (IBHF), the fourth-largest housing finance company, announced its intent to merge with Lakshmi Vilas Bank (LVB), a Tamil Nadu-based old private bank. […]