Future Capital Holdings, wing of Pantaloon Retail India, has revealed that it has take over 100 percent equity stake in Black Diamond Finance.

Black Diamond Finance is a non banking finance conglomerate (NBFC) registered with the Reserve Bank of India (RBI). 
 
According to sources, with effect from Jan. 02, 2009, Black Diamond Finance has become a wholly owned arm of Future Capital.

Incorporated in 2005, Future Capital Holdings is a non-banking financial conglomerate.

The major activity of  Future Capital Holdings is to offer financial, advisory and retail financial services.

Shares of Future Capital Holdings gained Rs 5.3, or 2.9%, to settle at Rs 188.15. The total volume of shares traded was 74,484.00 at the Bombay Stock Exchange (BSE).