Indiabulls group board to take up share buybacks proposal on Monday

Indiabulls Housing Finance and Indiabulls Ventures are considering buyback of shares. The board of the two companies will take up the proposal on Monday. Market experts say the buyback is done to stem the slide in the stock prices of the two companies. Shares of both Indiabulls Housing Finance and Indiabulls Ventures are down 72 per cent each so far this year.