Rita Finance to Acquire 45% Stake in Aaquaria Fincart Through Share Swap

Rita Finance and Leasing Limited has entered into a Memorandum of Understanding (MOU) with Aaquaria Fincart Private Limited for a proposed strategic association and acquisition of 45% equity stake in Aaquaria Fincart Private Limited. The proposed transaction aims to expand Rita Finance’s footprint in advisory, loan distribution, and debt syndication businesses through strategic investment and collaboration. The acquisition will be primarily through a share swap arrangement or preferential allotment, subject to valuation and regulatory approvals.