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Hinduja Ventures concludes acquisition of 0.43% stake in HLFL

06 Dec 2017 Evaluate

Hinduja Ventures has completed the acquisition of  18,73,917 equity shares of Rs 10 each of Hinduja Leyland Finance (HLFL) (constituting 0.43%) at a price of Rs 110 per share on December 6, 2017 from Everfin Holdings, a shareholder of HLFL.

Earlier, the company had entered into a Share Purchase and Shareholders Agreement on November 15, 2017 with Everfin Holdings for the same.

Formerly known as Hinduja TMT, Hinduja Ventures is part of the Hinduja Group companies. It is an outsourcing company that provides IT services and BPO/contact center services to customers.

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