GE moves out of finance ventures


General Electric (GE) has agreed to sell its 100% stake in GE Capital Services India and GE Money Financial Services to a consortium comprising Pramod Bhasin, Anil Chawla and AION Capital Partners. The deal was signed on 1 March.

Rupee_hot_air_balloonBoth GE Capital and GE Money offer corporate loans, auto and equipment leasing, healthcare equipment and aircraft financing, and other financing services in India. The sale will help GE focus on its core manufacturing business.

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