Shares of DLF, Indiabulls group firms and Apollo Tyres today plunged by up to 4 per cent on reports of leaked documents naming their promoters having association with firms in tax havens.
Shares of Apollo Tyres declined by as much as 3.01 per cent to a low of Rs 169.15 on the BSE.
The scrip was down 2.15 per cent at Rs 170.65 at the closing trade on the BSE.
DLF shares dropped by 2.85 per cent to the day’s low of Rs 117.40.
The stock ended the session down by 1.82 per cent at 118.65 on the BSE.
Indiabulls Housing Finance scrip fell 3.61 per cent to touch the day’s low of Rs 622.05. Further, Indiabulls Real Estate dived 2.85 per cent to Rs 56.15 and Indiabulls Wholesale Services was down 3.93 per cent at Rs 14.41.
Indiabulls Housing Finance stock ended the session down by 2.29 per cent at Rs 630.55, Indiabulls Real Estate fell 1.56 per cent to Rs 56.90, and Indiabulls Wholesale Services plunged 2.6 per cent to Rs 14.61 on the BSE.
The decline in shares came after Indian Express , based on the leaked documents of Panama law firm Mossack Fonseca, reported that over 500 Indians, including some well-known names, figure in the list of persons having association with firms in tax havens.
Among the 500 Indians, DLF owner K P Singh and nine members of his family, promoters of Apollo Tyres, Indiabulls’ Sameer Gehlaut and Gautam Adani’s elder brother Vinod Adani names figure in the list.
Meanwhile, the BSE benchmark Sensex ended the session at 25,399.65, up 130.01 points or 0.51 per cent.