India Finsec has made investment of Rs 3.90 crore in its subsidiary company, IFL Housing Finance, through purchase of 39,00,000 equity shares at Rs 10 each through right issue on July 6, 2018. After this investment, the company’s holding in IFL Housing Finance stood at 17.28%.
India Finsec is an India-based non-banking financial company (NBFC). The company’s principal activities include providing finance and dealing in shares and securities. The company is engaged in the business of financing, inter corporate deposits, advancing short term loans etc.
