Indiabulls Securities got demerged and stopped trading

April 2, 2008

Brokerage firm Indiabulls Securities Ltd on Wednesday got listed at Rs 300 on the Bombay Stock Exchange pursuant to its demerger from the domestic financial services major Indiabulls Financial Services (IBFSL). The scrip opened at Rs 300, which was also its intra-day high, and touched a low of Rs 110 on the BSE. On the National Stock Exchange, the scrip opened at Rs 250 and later slipped to touch a low of Rs 100.20. Indiabulls Securities listed over 25.34 cro re shares on the bourses. Source

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