Indiabulls Housing buys Amaprop's stake in Indiabulls Finance
Amaprop had acquired 42.5% stake in Indiabulls Finance in 2005 for Rs 131 crore
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Indiabulls Housing Finance Ltd has acquired the entire 42.5% holding of Amaprop in its subsidiary, Indiabulls Finance Company Pvt. Ltd for Rs 260 crore.
With the purchase of Amaprop’s equity stake, Indiabulls Finance Co. Private Ltd is now 100% owned by Indiabulls Housing Finance, said the company statement.
Amaprop had acquired 42.5% stake in Indiabulls Finance in 2005 for Rs 131 crore.
Indiabulls Finance Company Pvt. Ltd is a Non-Deposit taking NBFC, registered with and regulated by RBI.
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First Published: Aug 08 2013 | 2:51 PM IST