Indiabulls Housing Finance expects RBI's nod for merger with Lakshmi Vilas Bank

Sammaan Capital Ltd. | Finance - Housing | BFSI | BSE: 535789 | NSE: SAMMAANCAP

07 Aug 2019 Evaluate

Indiabulls Housing Finance is planning to turn itself into an SME-focused bank. In this regard company is expecting Reserve Bank of India's (RBI) nod for merger with Lakshmi Vilas Bank by October. The company has been preparing for the merger for some time now and took measures including additional loan provisions and an exit from commercial real estate with for this.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

Peers

Company Name	CMP
LIC Housing Finance	562.55
Housing & Urban Dev.	172.70
Piramal Finance	2256.30
Bajaj Housing Fin.	84.16
PNB Housing Finance	1175.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.