Team India Guaranty Ltd to Acquire 100% Stake in 4A Financial Technologies for INR 3605.16 per Share

Team India Guaranty Ltd (TIGL) has announced its decision to acquire 100% equity shareholding of 4A Financial Technologies Private Limited (4AFT). The acquisition will be through a preferential allotment of equity shares of TIGL for consideration other than cash, in compliance with applicable laws. The cost of acquisition of each share is INR 3605.16. 4AFT is a Fintech company with a strong presence in the digital credit and payments ecosystem, serving individuals, SMEs, and merchant partners across diverse sectors. The acquisition is expected to enhance operational efficiency and potentially establish 4AFT as a wholly owned subsidiary of TIGL, providing improved operational, regulatory, and procedural synergies.