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| Exchange Received Time 21/05/2017 19:49:05 Exchange Disseminated Time 21/05/2017 19:49:13 Time Taken 00:00:08 | | Indiabulls Asset Reconstruction Company Limited (ARC), a wholly owned subsidiary of Indiabulls Ventures Limited, 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 Limited (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. The aforesaid intimation is submitted pursuant to the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
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