Mumbai Dec 9 (IANS) Indiabulls Housing Finance on Saturday said that it has sold 100 per cent of its shareholding in "lndiabulls Life Insurance Company Limited".
According to a BSE filing it sold the non-operational company with "no business or license" to SORIL Holdings and Ventures Limited ("SHVL") at face value for an aggregate cash consideration of Rs 5 lakh.
"This transaction between the company and SHVL being related parties is at arms length " the BSE filing said.
--IANS
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