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Saturday, September 3, 2016

GE COMPLETES SALE OF COMMERCIAL LENDING AND LEASING BUSINESS IN INDIA

BOSTON, MA. – September 1, 2016 – GE (NYSE: GE) announced today that it has completed the sale of its Commercial Lending and Leasing business in India to a consortium of former GE Capital executives led by Pramod Bhasin and Anil Chawla and backed by AION Capital Partners.  The transaction represents ending net investment (ENI) of approximately $0.4 billion as of the end of the second quarter of 2016.



GE COMPLETES SALE OF COMMERCIAL LENDING AND LEASING BUSINESS IN INDIA

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