India bulls to raise stake in 3 arms to 51%

India bulls to raise stake in 3 arms to 51%

India bulls Financial Services has said it would raise Its stake in its three subsidiaries to 51 per cent, which is being held by foreign institutional investor FIM Ltd. India bulls informed the BSE that it had entered into an agreement with FIM Ltd to raise its shareholding to 51 per cent from 40 per cent in India bulls Infrastructure, India bulls Properties and India bulls Estate through conversion of optionally convertible debentures amounting to Rs 141.5 crore.

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