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IndiaNivesh divest its entire shareholding in INFAPL

30 Mar 2012 Evaluate

IndiaNivesh has sold its entire stake in one of its wholly owned subsidiary - IndiaNivesh Financial Advisors (INFAPL). Pursuant to this divestment, INFAPL ceases to be a subsidiary of the company with immediate effect.

IndiaNivesh is into the business of settlement or acquisition of stressed assets. INL is also registered with Reserve Bank of India (RBI) as a Non Banking Financial Company (NBFC). The company is a professionally managed company and has a very dedicated and experienced team of professionals who are competent to identify value assets.

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