Sebi asks Indiabulls to address issues where it was found non-compliant

Regulator says it has not found any wrongdoing on company's part with respect to the specific allegations made against it in various PILs and complaints

Market regulator Securities and Exchange Board of India (Sebi) in its investigation against Indiabulls Housing Finance has found the mortgage financier non-compliant with regards to unavailability of certain information on its website as well as its internal policy. Thereby, it has directed the company to take corrective measures and inform the stock exchanges in a months’ time.

Several public interest litigations (PILs) and FIRs were filed against Indiabulls Housing Finance back in 2019, alleging irregularities, siphoning of funds, and other violations committed by the promoters of the company. Following that, Sebi’s corporate finance investigation department had started an investigation against