/ Indiabulls Ventures : Bags Certificate Of Registration Surges Over 5% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 22 May 2017

During the pre lunch session, Indiabulls Ventures galloped on BSE over 5%. The company’s subsidiary Indiabulls Asset Reconstruction company, a wholly owned subsidiary has been granted the Certificate of Registration by the Reserve Bank of India under Section 3 of The SARFAESI Act 2002.

Indiabulls Ventures Ltd is the sole sponsor of the ARC and owns 100% of the equity stake of the company. The parent company has already infused Rs 100 crore equity in the ARC. The stock has outperformed BSE Small Cap index and Nifty Financial Services index on yearly basis.

BSE Small-cap index has imbibed a bearish mood and is slipping the trade over 36 points or 0.24% at 15190 levels.

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