RBI announces completion of test phase of 'Retail Payment' products by 6 entities domain-b.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from domain-b.com Daily Mail and Mail on Sunday newspapers.
Finkurve Financial Services Limited to acquire further 16.80% stake in Arvog Forex Pvt Ltd
Posted On: 2021-02-26 05:53:45 (Time Zone: Arizona, USA)
The Board of directors of Finkurve Financial Services Limited have decided to acquire 1,46,994 (One Lac Forty-Six Thousand Nine Hundred and Ninety-Four Shares) Equity Shares aggregating to 16.80% of the total paid up share capital of M/s. Arvog Forex Private Limited (formerly known as M/s. Supama Forex Private Limited), Subsidiary of the Company at a rate of Rs. 146.78/- per share aggregating to Rs. 2,15,75,780/- (Rupees Two Crore Fifteen Lac Seventy Five Thousand Seven Hundred Eighty Only).
Finkurve Financial Services Limited is the holding company of M/s.Arvog Forex Private Limited, holding 7,28,000 equity shares i.e.83.2% of the total paid-up share capital of M/s. Arvog Forex Private Limited. Upon completion of acquisition, Finkurve Financial Services Limited shall become the holder of 99.9994% stake in M/s. Arvog Forex Private Limited.