Mumbai, Aug 29 (IANS) Shares of Indiabulls Housing Finance on Thursday fell over 8 per cent as the company awaited exclusion from the Nifty 50 index.
The housing finance company will be replaced by Nestle India which jumped over 3 per cent in the early trade.
The exclusion of IndiaBulls Housing Finance will take effect from September 27.
Earlier Indiabulls had fell sharply after rating agency Moody's downgraded the company's long-term corporate family rating to Ba2 from Ba1, while also changing its outlook to negative from stable.
--IANS
ravi/in
A
(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)
(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)
We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.
Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.
The Quint is available on Telegram & WhatsApp too, click to join.
Read and Breaking News at the Quint, browse for more from news and hot-news
Topics: ians
ADVERTISEMENT