I-T officials raid Indiabulls offices pan India

New Delhi: In the latest, income tax officials have raided the offices of Indiabulls group all across the country on Wednesday, as per media reports.

Indiabulls group is associated with many businesses including realty, finance, infrastructure to name a few.

Soon after this, company's stock observed substantial fall on the stock indices.

As per media reports, about 1000 employees of the income tax department are involved in the raids all across the country.

Sources claim that the raids have been conducted by the income tax department in the asset-transfer case after the recent split of promoters of 8,800-crore company.