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Indiabulls Housing Finance buys entire holding of Amaprop in Indiabulls Finance

08 Aug 2013 Evaluate

Indiabulls Housing Finance has acquired the entire 42.50% holding of Amaprop in its subsidiary, Indiabulls Finance Company for a total sale consideration of Rs 260 crore. With the purchase of Amaprop’s equity stake, Indiabulls Finance Company is now 100% owned by Indiabulls Housing Finance.

Amaprop, a US private equity firm had invested in the equity capital of the Indiabulls’ subsidiary under a share purchase agreement.

Indiabulls Finance Company is a Non-Deposit taking NBFC, registered with and regulated by RBI.

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