India Value Fund Advisors has acquired National Bulk Handling Corporation (NBHC) for ₹2.42 billion (US$40 million).
NBHC is a subsidiary of Financial Technologies India (FTIL). FTIL along with the other shareholders of NBHC entered into a share purchase agreement to sell the entire equity of the company to India Value Fund Trustee Company, the sole trustee of India Value Fund IV. The transaction is subject to certain customary closing conditions including approval by FTIL’s shareholders.
