Acquisitions1 Oct 2026, 07:00 pm
Kiran Vyapar acquires 0.68% stake in GFPL for up to ₹11.86 Cr
AI Summary
Kiran Vyapar Ltd (KVL) has subscribed to 85,966 equity shares of Greshma Finvest Private Limited (GFPL), representing 0.68% of GFPL's post-issue paid-up equity share capital. The total consideration for this acquisition is not exceeding ₹11,86,33,080 (₹11.86 Crore). Following this, KVL's total investment in GFPL now stands at 4,09,634 equity shares, representing 6.37% of GFPL's post-issue paid-up equity share capital. GFPL is an NBFC, and this strategic acquisition aligns with KVL's objective to expand its investment and financial services activities as an NBFC-NDSI.
Key Highlights
- Kiran Vyapar acquired an additional 0.68% stake in Greshma Finvest Private Limited.
- The acquisition involved 85,966 equity shares for up to ₹11.86 Crore.
- Kiran Vyapar's total holding in GFPL is now 6.37% of its equity capital.
- The acquisition is strategic, expanding KVL's financial services business.
- GFPL operates as an NBFC, aligning with Kiran Vyapar's core business.
Price Impact
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