Finkurve Financial Services Limited to acquire further 16.80% stake in Arvog Forex Pvt Ltd

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.

Arvog Forex Private Limited is engaged in the business of buying, selling and dealing of Foreign Exchange and Currencies.

Shares of Finkurve Financial Services Ltd was last trading in BSE at Rs.43.4 as compared to the previous close of Rs. 43.45. The total number of shares traded during the day was 53344 in over 47 trades.

The stock hit an intraday high of Rs. 44.45 and intraday low of 42.25. The net turnover during the day was Rs. 2256855.

Source : Equity Bulls

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