Nidhi Granites Ltd acquires Auro Fintech Pvt Ltd

The Board of directors of NIDHI GRANITES LIMITED has approved the acquisition of 12500 Equity shares for a consideration of INR 60,57,000 of Auro Fintech Private Limited (CIN: U72900MH2022PTC377921) on 1st April 2025.

Due to above acquisition "Auro Fintech Private Limited" has become wholly owned subsidiary of the Company.

The acquisition has been decided in order to expand the investment revenues of the Company in different line of business. Due to this acquisition, "Auro Fintech Private Limited" has become wholly owned subsidiary of the Company.

Auro Fintech Private Limited was formed on 4th March 2022 with a mission of becoming the most trusted partner for business process transformation by delivering new value through innovative process, techniques and ideas utilizing banking-as-a-service to deliver seamless services to corporates and institutions.

Auro Fintech offers various financial technology and related products in Payments domain using Application Programming (API) and web based services.

Shares of Nidhi Granites Limited was last trading in BSE at Rs. 139.52 as compared to the previous close of Rs. 136.79. The total number of shares traded during the day was 417 in over 11 trades.

The stock hit an intraday high of Rs. 139.52 and intraday low of 139.51. The net turnover during the day was Rs. 58179.00.

Source : Equity Bulls

Keywords

NidhiGranites INE276H01013 ConstructionMaterials Acquisition AuroFintech