Commencement of Consumer Finance Business
Sub :Commencement of Consumer Finance Business
The networth of IVL Finance Limited (a non-public deposit taking NBFC registered with the Reserve Bank of India (RBI)), a wholly owned subsidiary of Indiabulls Ventures Limited (IVL), is increased to over Rs. 1000 Crores, through capital investments from IVL. IVL Finance Limited would be undertaking consumer finance business. The consumer finance business is expected to significantly add to the consolidated bottom line of IVL going forward.
Please take the aforesaid intimation on record.
for Indiabulls Ventures Limited