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Indiabulls Ventures provides update on its subsidiary - IVL Finance

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Last Updated : Jun 08 2017 | 10:47 AM IST

IVL Finance to undertake consumer finance business

Indiabulls Ventures announced that the networth of IVL Finance (a non public deposit taking NBFC registered with RBI, a wholly owned subsidiary of Indiabulls Ventures, has increased to over Rs 1000 crore, through capital investments from Indiabulls Ventures. IVL Finance would be undertaking consumer finance business. The consumer finance business is expected to significantly add to the consolidated bottom line of Indiabulls Ventures going forward.

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First Published: Jun 08 2017 | 10:32 AM IST

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