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India Alternatives & IIFL’s NBFC arm buy 4% of CIBIL for around $10M

Private equity firm India Alternatives and its parent IIFL Holdings' (formerly India Infoline) NBFC arm India Infoline Finance Ltd have together picked 4 per cent in India’s oldest credit information bureau Credit Information Bureau (India) Ltd (CIBIL), as per a statement. Further terms of the transaction were not disclosed but sources said it involves stake purchase from one of CIBIL's existing investors SBI. SBI held a 10 per cent stake prior to the latest transaction.

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