Monday, April 21, 2008

Indiabulls Financial Enters Into Joint Venture Agreement With Sogecap

Indiabulls Financial Services has entered into a joint venture agreement with Sogecap, the life insurance subsidiary of Societe Generale of France for its upcoming life insurance venture. The company together with its promoters / associates will hold 74% while Sogecap will hold the remaining 26% in the jointventure. The company made this announcement during the trading hours today, 18 April 2008.

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