Corporate News 11-Dec-17
Indiabulls Housing Finance sells its stake in Indiabulls Life Insurance Company
To SORIL Holdings and Ventures
Indiabulls Housing Finance has sold 100% shareholding in 'Indiabulls Life Insurance Company', presently a non-operational company with no business or license, to SORIL Holdings and Ventures, at face value for an aggregate cash consideration of Rs 5 lakh. The transaction between the Company and SHVL, being related parties, is at arm's length.
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