General Announcement::Sale of investment by Indiabulls Housing Finance Limited (the Company)

Issuer & Securities

Issuer/ Manager
INDIABULLS HOUSING FINANCE LIMITED
Securities
INDIAB HF INR13.3B8.567%191015 - XS1487891852 - 4T4B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
09-Dec-2017 20:30:28
Status
New
Announcement Sub Title
Sale of investment by Indiabulls Housing Finance Limited (the Company)
Announcement Reference
SG171209OTHRXTSL
Submitted By (Co./ Ind. Name)
Indiabulls Housing Finance Limited
Designation
Mr. Amit Jain, Company Secretary
Description (Please provide a detailed description of the event in the box below)
We wish to inform that the Company has sold its 100% shareholding in Indiabulls Life Insurance Company Limited , presently a non-operational company with no business or license, to SORIL Holdings and Ventures Limited (SHVL), at face value for an aggregate cash consideration of Rs. 5 lac. This transaction between the Company and SHVL, being related parties, is at arms length.

Please take the above information on record.

Attachments

IHFL_Intimation_for_sale_of_ILICL_to_SORILHold_09122017.pdf
Total size =294K