The Indiabulls Finance Centre, developed by Indiabulls Real Estate Ltd., stands in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

How Brokerages View Indiabulls Housing Finance-Lakshmi Vilas Bank Merger

Indiabulls Housing Finance Ltd. proposed merger with Lakshmi Vilas Bank may run into regulatory hurdles given the housing finance company’s real estate exposure, brokerages said.Shareholders of Lak...