India News :: LN Mittal acquires 8% in Indiabulls arm for Rs 90cr.

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LN Mittal acquires 8% in Indiabulls arm for Rs 90cr.

by Bhavesh on Fri 31 Mar 2006 04:47 PM IST | Permanent Link | Cosmos

NEW DELHI: Steel tycoon LN Mittal-promoted LNM India Internet Ventures (LNM-IIVL) will acquire an 8.2% stake in Indiabulls Credit Services for Rs 90 crore.Indiabulls Credit Services (ICS) is a subsidiary of Indiabulls Financial Services. The deal values ICS at Rs 1,100 crore.

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