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).