Indiabulls Housing Finance Shares Drop Amid ED Raids | Stock Market News

Indiabulls Housing Finance shares fell nearly five percent on BSE after the Enforcement Directorate (ED) conducted raids at the company's Delhi offices. The ED's action is part of a Prevention of Money Laundering Act case, and raids were also carried out at M3M Realty. Meanwhile, the company approved a public issue of secured, redeemable, non-convertible debentures worth Rs 100 crore.