IRFC shares fell 2.13 per cent to Rs 32.30 on NSE amid high volumes. A total of 5,29,12,040 IRFC shares changed hands on the counter worth Rs 170.74 crore.
Indiabulls Real Estate said it strongly believes that the objections and concerns were unfounded, unjustified and do not impact the merger in a significant manner and had accordingly addressed the same before the NCLT.