Acquisitions3 Jul 2026, 02:02 pm
Jagsonpal Services Gets RBI Nod for Welcast Finstocks Acquisition
AI Summary
Jagsonpal Services Ltd has received approval from the Reserve Bank of India (RBI) to acquire 100% shareholding and control of Welcast Finstocks Private Limited, a Non-Banking Financial Company (NBFC). This follows a previous disclosure on August 18, 2025. The acquisition process will commence subject to compliance with RBI's Master Direction on NBFC Acquisitions and other applicable regulations. Jagsonpal Services Limited was formerly known as Jagsonpal Finance and Leasing Limited. Further material updates will be communicated to the exchange.
Key Highlights
- RBI approval secured for 100% acquisition of Welcast Finstocks.
- Acquisition involves gaining full shareholding and control.
- Welcast Finstocks operates as a Non-Banking Financial Company.
- Acquisition process to commence post regulatory compliance.
- Company was formerly Jagsonpal Finance and Leasing Limited.
Price Impact
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