Financial services arm of Kishore Biyani-led Future group Future Capital Holdings has acquired non-banking financial firm Black Diamond Finance.
According to the latest filing of Future Capital Holdings to Bombay Stock Exchange, the company has acquired 100 per cent of the fully paid up equity share capital of Black Diamond Finance Ltd.
Black Diamond Finance is a non banking finance company registered with the Reserve Bank of India. Accordingly, effective from January 02, Black Diamond Finance Ltd has become a wholly owned subsidiary of Future Capital.
— Shailesh Shah
