It appears funds resort to heavy selling in beleaguerd Indiabulls Housing and DHFL.

According to bulk deal data on the NSE, Singapore-based Jasmine Capital Investments Pte sold 82.5 lakh shares or 2.63 per cent stake in Dewan Housing Finance Corporation at ₹213.13 a share; and William Blair Emerging Markets Growth Fund offloaded 24.8 lakh shares at an average price of ₹691.84. However, buyers identities were not known.

Shares of DHFL ended 10.8 per cent lower at ₹210.55 on the NSE, while those of Indiabulls Housing slumped 17.1 per cent at ₹653.8. Our Bureau