Indiabulls Asset Reconstruction Company gets CoR from RBI

Indiabulls ARC gets equity infusion of Rs 100 crore from sole sponsor Indiabulls Ventures

Indiabulls Asset Reconstruction Company (ARC), a wholly owned subsidiary of Indiabulls Ventures, has been granted the Certificate of Registration (CoR) by the Reserve bank of India (RBI) under Section 3 of the SARFAESI Act, 2002.

Indiabulls Ventures (IVL) is the sole sponsor of the ARC and owns 100% equity stake in the company. IVL has already infused Rs 100 crore equity in the ARC and is fully compliant with the requisite criteria laid down by RBI vide its latest guidelines.

The company intends to start its operations shortly.

 

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