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INCPL becomes wholly owned subsidiary of IndiaNivesh

27 Sep 2012 Evaluate

IndiaNivesh Commodities (INCPL) has become a wholly owned subsidiary of IndiaNivesh consequent upon acquiring the entire equity share capital of INCPL i.e. 50,000 shares and subscribing to the capital of Rs 1 crore divided into 10 lakh equity shares of Rs 10 each involving an aggregate investment of Rs 1 crore and Rs 5 lakh.

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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