For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Indiabulls Housing purchases stake from Amaprop in subsidiary

|

Leading housing finance company, Indiabulls Housing Finance has has purchased the entire 42.5 per cent holding of Amaprop in its subsidiary, Indiabulls Finance Company Pvt. Ltd for a total sale consideration of Rs. 260 crore.

Amaprop Limited, a US private equity firm had invested in the equity capital of the Indiabulls' subsidiary under a share purchase agreement. Indiabulls Finance Company Pvt. Ltd is a Non-Deposit taking NBFC, registered with and regulated by RBI. With the purchase of Amaprop's equity stake, Indiabulls Finance Co. Private Ltd is now 100 per cent owned by Indiabulls Housing Finance Ltd.

 

Shares of IndiaBulls Housing Finance Company were last trading at Rs 195.40, down 0.48% over Wednesday's close.

GoodReturns.in

Read more about: indiabulls
Story first published: Thursday, August 8, 2013, 13:09 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more