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RBI announces completion of test phase of 'Retail Payment' products by 6 entities

RBI announces completion of test phase of 'Retail Payment' products by 6 entities
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Finkurve Financial Services Limited to acquire further 16.80% stake in Arvog Forex Pvt Ltd

Finkurve Financial Services Limited to acquire further 16.80% stake in Arvog Forex Pvt Ltd
Posted On:
2021-02-26 05:53:45
(Time Zone: Arizona, USA)
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. ....

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