SC quashes Bombay HC order penalising SEBI, BSE, NSE in ‘account freezing’ case
The penalty was imposed for the 'erroneous freezing' of the demat accounts of two Mumbai residents who were 'erroneously' classified as promoters.
Shares price of Indiabulls Real Estate Ltd on Tuesday declined over 5 per cent after the firm posted a consolidated net loss of Rs 76.01 crore for the quarter ended September.
On BSE, the scrip plunged 5.05 per cent or Rs 3.20 to Rs 60. The scrip touched day’s low at Rs 59.80 and high at Rs 63.85.
Similarly, on NSE, shares of Indiabulls Real Estate dived 4.74 per cent or Rs 3.00 to Rs 60.25.
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On Friday, the company has reported a consolidated net loss of Rs 76.01 crore for the quarter ended September.
It had posted a net profit of Rs 301.11 crore in the year-ago period.
Total income stood at Rs 50.70 crore in the second quarter of this fiscal, as against Rs 1,101.90 crore in the corresponding period of the previous year, according to a regulatory filing.
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