Acquisitions28 Aug 2025, 06:22 pm
Richfield Financial Services Ltd Approves Acquisition of Loan Portfolio Worth Rs. 10 Crore
AI Summary
Richfield Financial Services Ltd has approved the acquisition of a loan portfolio worth Rs. 10 crore from KLM AXIVA FINVEST LIMITED in one or more tranches. The decision was made during the Board of Directors meeting held on 28th August 2025. The loan portfolio acquisition is expected to strengthen Richfield's financial position and diversify its loan portfolio.
Key Highlights
- Richfield Financial Services Ltd to acquire loan portfolio worth Rs. 10 crore from KLM AXIVA FINVEST LIMITED.
- The acquisition will be done in one or more tranches.
- The decision was made during the Board of Directors meeting held on 28th August 2025.
- The acquisition is expected to strengthen Richfield's financial position and diversify its loan portfolio.
- KLM AXIVA FINVEST LIMITED will transfer all rights, benefits, powers, guarantees, and indemnities, title and interest, collateral, and underlying Security Interest to Richfield Financial Services Ltd.