Corporate News     24-Feb-23
KFin Technologies sign deal to acquire 25.63% stake in Fintech Products and Solutions (India)
KFin Technologies has entered into definitive agreements on 24 February 2023 for subscribing to 1,041,525 Equity Shares in Fintech Products and Solutions (India) (FPSIPL) for a consideration of Rs. 6.50 crore translating into an equity shareholding of 25.63% of the post-issue share capital of FPSIPL (Initial Primary Transaction). FPSIPL has a wholly-owned subsidiary, namely Finsec AA Solutions (FASPL) which is licensed by the Reserve Bank of India to carry out the business of Account Aggregator. The transaction is subject to customary closing conditions.

Under the definitive agreements, the Company also has an option to acquire additional equity share capital of FPSIPL taking its aggregate shareholding in FPSIPL to 75.01% of the total share capital of FPSIPL, through a combination of purchase of securities from existing shareholders and debenture holders of FPSIPL as well as subscription to fresh equity shares to be issued by FPSIPL, subject to satisfaction of customary closing conditions and receipt of regulatory approvals.

Previous News
  KFin Tech decline after reconsidering to become depository participant
 ( Hot Pursuit - 15-Jun-23   10:28 )
  KFin Techs. to hold board meeting
 ( Corporate News - 13-Jul-24   10:16 )
  KFin Techs. to convene EGM
 ( Corporate News - 29-Sep-23   11:22 )
  KFin Technologies allots 50,150 equity shares under ESOP
 ( Corporate News - 11-Jun-24   11:41 )
  KFin Technologies set to acquire WebileApps
 ( Corporate News - 20-Apr-23   13:55 )
  KFin Technologies IPO subscribed 70%
 ( IPO Centre - IPO News 20-Dec-22   17:16 )
  KFin Techs. to declare Quarterly Result
 ( Corporate News - 11-Jul-23   09:47 )
  KFin Technologies IPO subscribed 55%
 ( IPO Centre - IPO News 19-Dec-22   17:22 )
  Volumes spurt at KFin Technologies Ltd counter
 ( Hot Pursuit - 30-May-24   14:30 )
  KFin Tech hits record high after Q4 PAT jumps 30% YoY
 ( Hot Pursuit - 30-Apr-24   13:54 )
  KFin Technologies allots 1.02 lakh equity shares under ESOP
 ( Corporate News - 07-Sep-23   11:17 )
Other Stories
  GAIL (India) signs MoU with AM Green
  04-Oct-24   19:27
  EaseMyTrip.com resumes bookings to the Maldives
  04-Oct-24   19:25
  BLS completes acquisition of Dubai-based Citizenship Invest
  04-Oct-24   19:23
  Insecticides India launches new maize herbicide 'Torry Super'
  04-Oct-24   19:21
  Landmark Cars receives LoI from Mercedes-Benz India
  04-Oct-24   19:19
  Astra Microwave Products receives affirmation in credit ratings from CRISIL
  04-Oct-24   19:16
  Supreme Petrochem receives affirmation in credit ratings
  04-Oct-24   19:10
  Astec LifeSciences director resigns
  04-Oct-24   19:08
  Board of Gravita India approves change in directorate
  04-Oct-24   19:05
  Board of Gravita India approves fund raising up to Rs 1,000 cr
  04-Oct-24   19:03
Back Top