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| Exchange Disseminated Time 13/07/2016 14:50:53 | With reference to the news in CNBC TV18 "IT officials search Indiabulls offices across the country, IT official search offices of Indiabulls promoters", Indiabulls Housing Finance Ltd has Clarified to BSE as under :
"With reference to today's email received from the Exchange, we would like to state that this morning, officials of the Income Tax Department came to some of our offices to check our books, in the normal course. We are extending all assistance to the team of officials. We are confident that the officials will find our corporate practices and books satisfactory.
At Indiabulls group, we follow the ethical and legal standards of the highest order in all our businesses and have robust institutional measures to monitor as well as implement corporate governance of the highest standards. We are confident that these on the spot check, in the normal course, will vindicate the same.
We further state that there is no information which has not been announced to the Exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015." |
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