Indiabulls Housing Finance sells its stake in Indiabulls Life Insurance Company

Capital Market 

To SORIL Holdings and Ventures

Indiabulls Housing has sold 100% shareholding in 'Indiabulls Life Company', presently a non-operational company with no business or license, to SORIL Holdings and Ventures, at face value for an aggregate cash consideration of Rs 5 lakh. The transaction between the Company and SHVL, being related parties, is at arm's length.

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First Published: Mon, December 11 2017. 09:32 IST