| Chandler invests Rs 300cr in India Infoline unit |
| BS Reporter / Mumbai November 26, 2007 |
| Singapore-based private equity investor Orient Global, founded by emerging markets expert Richard Chandler, will acquire a 22.5% stake in India Infoline Investment Services, the consumer finance arm of India Infoline, a brokerage and financial services firm, for $76.7 million (about Rs 300 crore). According to a release issued by India Infoline, the capital will be primarily utilised for the expansion of India Infoline Investment Services' subsidiaries, Moneyline, which is in the business of personal and auto loans, and India Infoline Housing Finance, which is in the business of home loans. Moneyline will make use of the group |
