Emerald Finance Ltd partners with Multicare Services India Pvt Ltd

Emerald Finance Ltd has partnered with MULTICARE SERVICES (INDIA) PRIVATE LIMITED, a company having its registered office address at 9TH Floor Office No 913 B Wing Lodha Supremus II Road No 22 Wagle Estate Thane West - 400604 to offer its Early-Wage-Access program to the employees of the company. Multicare handles all hassles of hiring, payroll processing, employee-benefits and appraisals along with other employer-employee responsibilities while offerings all the advantages of these services to the employers. Among its clients are Lupin, Merck, ipca, Tata Steel, Tata Inetrnet, HIL, Glencore, etc.

This partnership aims to provide an instant financial relief to the employees by allowing them to access part of their salaries seamlessly throughout the month. The Company, in line with its vision to expand its offerings and to serve retail customers at large had been working on a salary advance solution. This product entails tying up with employers to offer short term loans as salary advance. The amount lent is then collected through salary deduction.

Shares of Emerald Finance Ltd was last trading in BSE at Rs. 100.35 as compared to the previous close of Rs. 95.60. The total number of shares traded during the day was 29512 in over 69 trades.

The stock hit an intraday high of Rs. 100.35 and intraday low of 100.35. The net turnover during the day was Rs. 2961529.00.

Source : Equity Bulls

Keywords

EmeraldFinance INE030Q01015 Partnership MulticareServicesIndia EarlyWageAccessProgram