StockWatch
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Non Banking Financial Company (NBFC)
Cybersecurity26 Sept 2026, 12:30 pm

Apollo Finvest Reconciles ₹2.9 Cr Cyber Fraud, No Residual Impact

AI Summary

Apollo Finvest India Ltd has announced the reconciliation of a cyber fraud incident that occurred in relation to a joint bank account with a partner. The total amount involved has been settled at INR 2,92,65,433. The company has received its attributable share from the partner, and as a result, does not anticipate any further financial impact from this incident. This update follows a previous intimation regarding the fraud perpetrated by unidentified third parties.

Key Highlights

  • Cyber fraud incident reconciled at INR 2,92,65,433.
  • Company has received its share of the amount from the partner.
  • No residual financial impact expected from the incident.
  • Incident related to a joint bank account under a partnership arrangement.