
Pro Fin Capital Services Ltd Receives Non-Binding Letter of Intent from Excellence Creative Limited for Potential 25% Equity Share Acquisition
Pro Fin Capital Services Limited has received a non-binding Letter of Intent (LoI) from Excellence Creative Limited, a Hong Kong-based company. The LoI expresses the intention to explore the possibility of acquiring up to 25% of Pro Fin Capital Services Limited's equity share capital at a proposed price of INR 22 per share. The proposed acquisition is subject to several conditions, including detailed discussions, board approval, completion of due diligence, negotiation of definitive agreements, and compliance with all applicable regulatory requirements. The LoI does not constitute a binding commitment, and any further material development will be duly intimated to the Stock Exchange. The Board of Directors of Pro Fin Capital Services Limited will consider the LoI and the proposed transaction in an upcoming meeting.
Key Highlights
- Pro Fin Capital Services Limited received a non-binding Letter of Intent from Excellence Creative Limited.
- Excellence Creative Limited expressed its intention to acquire up to 25% of Pro Fin Capital Services Limited's equity share capital.
- The proposed price for each equity share is INR 22.
- The proposed acquisition is subject to several conditions and approvals.
- The Board of Directors of Pro Fin Capital Services Limited will consider the LoI and the proposed transaction.