| Log in

Future Capital Holdings Acquires 100% In An NBFC

07 January, 2009

Future Capital Holdings, a subsidiary of Pantaloon Retail India, announced that the company has acquired 100% equity stake in Black Diamond Finance, a non banking finance company (NBFC) registered with the Reserve Bank of India. Accordingly, effective from Jan. 02, 2009, Black Diamond Finance has become a wholly owned subsidiary of the company. This will be the first NBFC in Future Capital’s portfolio.

Shares of Future Capital Holdings gained Rs 5.3, or 2.9%, to settle at Rs 188.15. The total volume of shares traded was 74,484.00 at the BSE (Friday). 

 

 


Leave Your Comment
Warburg Pincus sells 25% stake in Capital First; GIC ups bet

Warburg Pincus sells 25% stake in Capital First; GIC ups bet

TEAM VCC 6 months ago
Private equity giant Warburg Pincus has sold a 25% stake in non-banking finance...
Warburg Pincus-controlled finance firm Capital First sees 79% decline in Q1 net profit

Warburg Pincus-controlled finance firm Capital First sees 79% decline in Q1 net profit

TEAM VCC 4 years ago
Mumbai-based non-banking finance company Capital First Ltd (earlier Future...
Religare Finvest Raising Rs 150Cr From Avigo Capital

Religare Finvest Raising Rs 150Cr From Avigo Capital

Shrija Agrawal 6 years ago
Religare Finvest Ltd (RFL), an NBFC focused on small and medium enterprises and...
No Comments

Future Capital Holdings Acquires 100% In An NBFC

Powered by WordPress.com VIP