Oracle Credit Ltd makes further investment in Credent Assets Management Services Pvt Ltd

Oracle Credit Limited ("the Company") has made further investment in Credent Assets Management Services Private Limited (CAMS) by way of acquisition of 5,64,763 (Five Lakhs Sixty Four Thousand Seven Hundred Sixty Three) Equity Shares at a price of INR 48/- per share aggregating to an amount of INR 2,71,08,624/- (Rupees Two Crores Seventy One Lakhs Eight Thousand Six Hundred Twenty Four Only) from the existing Equity Shareholders of the CAMS, i.e., Mr. Aditya Vikram Kanoria and Mr. Mandeep Singh on 09th September, 2022.

Oracle Credit Limited has already 24.37% invested in Credent Asset Management Services Private Limited on 31st March, 2022.

Further, Company has invested 24.63% in Credent Asset Management Services Pvt Ltd by way of acquisition of 5,64,763 equity Shares from the Existing Shareholders of the CAMS.

As on date, total investment of Oracle Credit Limited in Credent Asset management Services Private Limited is 49%.

Source : Equity Bulls

Keywords

OracleCredit FurtherInvestment CredentAssetsManagementServices StakeIncrease