Investment4 Sept 2025, 06:12 pm
LKP Finance Invests Rs. 80 Crores in Mufinpay Payment Solutions Private Limited
AI Summary
LKP Finance Ltd. has approved an investment of Rs. 80,00,00,000 in Mufinpay Payment Solutions Private Limited, an unlisted company, via Private Placement. The investment is in compliance with section 179(3)(e) and other applicable provisions of the Companies Act, 2013. Mufinpay Payment Solutions Private Limited is registered under Companies Act, 2013 and deals in Information Technology (IT), Information Technology Enabled Services (ITES), and Reward and Loyalty Programmes for Corporates (Physical and Digital Form). As on March 31, 2025, the company's turnover was Rs. 1,69,41,570.
Key Highlights
- LKP Finance to invest Rs. 80 Crores in Mufinpay Payment Solutions Private Limited
- Investment to be made via Private Placement
- Mufinpay Payment Solutions Private Limited deals in IT, ITES, and Reward and Loyalty Programmes
- Investment is in compliance with section 179(3)(e) and other applicable provisions of the Companies Act, 2013
- Mufinpay Payment Solutions Private Limited's turnover as on March 31, 2025 was Rs. 1,69,41,570