Acquisitions10 Dec 2025, 07:11 pm
GeeCee Ventures Completes Balance Payment for Fusion Finance Limited Acquisition
AI Summary
GeeCee Ventures Limited has completed the balance payment of Rs. 1.33 Crores for the acquisition of Fusion Finance Limited (FFL). The Company was holding 65,000 fully paid-up equity shares in FFL and later subscribed to 2,03,315 Equity Shares through Right Issue. The total holding of the Company in FFL is now 2,68,315 equity shares. FFL is a registered NBFC-MFI operating on a joint Liability Group lending model, focusing on providing financial services to rural women.
Key Highlights
- GeeCee Ventures has completed the balance payment for the acquisition of Fusion Finance Limited.
- The Company was holding 65,000 fully paid-up equity shares in FFL and has now acquired 2,03,315 partly paid-up equity shares.
- The total holding of the Company in FFL is 2,68,315 equity shares.
- Fusion Finance Limited is a registered NBFC-MFI operating on a joint Liability Group lending model.
- FFL focuses on providing financial services to rural women.