RBI grants Core Investment Company registration to Indiabulls

Indiabulls Limited has received a Certificate of Registration as a Core Investment Company from the RBI. This approval adheres to the regulatory guidelines designated for investment-holding organizations. A Core Investment Company primarily manages investments and finances companies within its group. Indiabulls indicated it might relinquish the certificate if deemed unsuitable under the CIC structure, clarifying that this registration does not introduce any new banking or lending activities.