Deals24 Aug 2026, 11:37 am
Richfield Financial Services to acquire loan portfolio up to ₹7 Cr
AI Summary
Richfield Financial Services Ltd's Finance Committee has approved the acquisition of a loan portfolio valued up to ₹7 Crore from KLM AXIVA FINVEST LIMITED. The acquisition will occur in one or more tranches. The agreement involves the transfer of assigned receivables, underlying documents, collateral, and security interests. The transaction is considered to be at arm's length and does not involve related parties. This move is part of the company's strategy to expand its loan portfolio.
Key Highlights
- Finance Committee approved acquisition of loan portfolio.
- Acquisition value up to ₹7 Crore from KLM AXIVA FINVEST LIMITED.
- Transaction to be completed in one or more tranches.
- Acquisition includes receivables, collateral, and security interests.
- Deal is at arm's length and not with related parties.
Price Impact
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