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Indiabulls Ventures commences consumer finance business

Indiabulls Ventures’ (IVL) wholly owned subsidiary – IVL Finance’s networth has increased to over Rs 1,000 crore, through capital investments from IVL. IVL Finance would be undertaking consumer finance business. The consumer finance business is expected to significantly add to the consolidated bottom line of IVL going forward. IVL Finance is a non-public deposit taking NBFC registered with the Reserve Bank of India (RBI).

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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