Indiabulls Housing buys Amaprop's stake in Indiabulls Finance

Indiabulls Housing Finance Ltd has acquired the entire 42.5% holding of Amaprop in its subsidiary, Indiabulls Finance Company Pvt. Ltd for Rs 260 crore.

With the purchase of Amaprop’s equity stake, Indiabulls Finance Co. Private Ltd is now 100% owned by Indiabulls Housing Finance, said the company statement.
 
Amaprop had acquired 42.5% stake in Indiabulls Finance in 2005 for Rs 131 crore.

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