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Other Financial Services
Acquisitions16 Oct 2026, 02:11 pm

SG Finserve Approves Acquisitions, Investment in New Finance Co

AI Summary

SG Finserve Ltd's Board of Directors approved the acquisition of 24.5% equity shares in SG Enterprise Solutions Private Limited, making it an associate company. They also approved the acquisition of 15.5% equity shares in Succesship Technologies Private Limited. Furthermore, the company plans to invest up to USD 5 million (approximately ₹48 crore) to establish a wholly-owned finance company subsidiary in GIFT City, subject to regulatory approvals. The board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026, and appointed Mr. Alok Bhushan as the Internal Auditor.

Key Highlights

  • Acquired 24.5% stake in SG Enterprise Solutions, making it an associate.
  • Acquired 15.5% stake in Succesship Technologies Private Limited.
  • Approved investment of up to USD 5 million for a new finance subsidiary.
  • Approved unaudited financial results for Q2 FY27.
  • Appointed Alok Bhushan as Internal Auditor.