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Indiabulls Ventures’ arm gets certificate of registration from RBI

Indiabulls Ventures’ wholly owned subsidiary Indiabulls Asset Reconstruction Company (ARC) has been granted the Certificate of Registration (CoR) by the Reserve bank of India (RBI) under Section 3 of the SARFAESI Act, 2002. Indiabulls Ventures (IVL) is the sole sponsor of the ARC and owns 100% equity stake in the company. IVL has already infused Rs 100 crore equity in the ARC and is fully compliant with the requisite criteria laid down by RBI vide its latest guidelines. The company intends to start its operations shortly.

Indiabulls Ventures acts as a stock and share broker on the National Stock Exchange of India (NSE), BSE, depository participants and other related services. The company’s primary businesses include Broking and Related activities, and Lease Rental activities.

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