Corporate Action17 Apr 2026, 08:21 pm
Niyogin Board approves Iserveu stake dilution for fund-raise
AI Summary
Niyogin Fintech's Board approved the dilution of its percentage shareholding in material subsidiary Iserveu Technology Private Limited by up to 10%. This move facilitates a proposed fund-raise by Iserveu, aiming to induct potential investors. The dilution will occur without reducing the number of shares Niyogin holds. The Board also approved a Postal Ballot Notice to seek shareholder consent for this change in shareholding and potential modification of control over Iserveu, as required by SEBI regulations. Iserveu contributed 53.6% to Niyogin's consolidated turnover and 6.9% to net worth in FY2025. The transaction is expected to complete within six months and does not impact the ongoing Composite Scheme of Arrangement.
Key Highlights
- Board approved dilution of Niyogin's percentage stake in Iserveu.
- Dilution up to 10% to facilitate Iserveu's fund-raise.
- Shareholder approval required via Postal Ballot.
- Iserveu contributed 53.6% to Niyogin's FY25 consolidated turnover.
- Transaction does not affect ongoing Composite Scheme swap ratio.