Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Capital India Finance Ltd acquires stae in Rapipay Fintech Holding Pvt Ltd

Posted On: 2019-09-22 11:05:18

Capital India Finance Limited ("Company") has on September 20, 2019, acquired 10,000 (Ten Thousand) equity shares of Rs.10/ each aggregating to Rs. 1,00,000/- (Rupees One Lakh only) from the existing shareholders of Rapipay Fintech Holding Private Limited ("RFHPL") through share purchase agreement dated September 20, 2019. Consequent to the aforesaid acquisition, RFHPL has become wholly owned subsidiary of the Company in accordance with the provision of the Companies Act, 2013 and other applicable laws with the controlling interest of 100% in the paid-up capital of RFHPL.

RFHPL has on September 21, 2019 allotted 93,55,100 (Ninety-Three Lakhs Fifty Five Thousand One Hundred) equity shares of Rs. 10/- (Rupees Ten only) each aggregating to Rs. 9,35,51,000 (Rupees Nine Crore Thirty Five Lakhs Fifty One Thousand only), upon exercise of conversion right provided to the Company being majority holder of zero coupon optionally convertible debentures, pursuant to clause 3.21 of the Debenture Trust Deed dated March 29, 2019 read with First Amendment Deed to Debenture Trust Deed dated September 16, 2019 entered into between Vistra ITCL (India) Limited ("Debenture Trustee") and RFHPL.

RFHPL holds 52.99% controlling stake in Rapipay Fintech Private Limited, ("RFPL"). Therefore, pursuant to the above transactions, the Company will become beneficial owner of 52.99% controlling stake in RFPL. RFPL is a Digital Wallet company (having Semi Closed PPI license from Reserve Bank of India) and operates on an Assisted mode (B2B) via a franchised network of retailers (neighbourhood stores) across India, providing services to the unbanked and underserved sections of the society.

Shares of Capital India Finance Ltd was last trading in BSE at Rs.130 as compared to the previous close of Rs. 140. The total number of shares traded during the day was 525 in over 11 trades.

The stock hit an intraday high of Rs. 135 and intraday low of 130. The net turnover during the day was Rs. 70767.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Sunteck Realty Ltd has sold 1800 apartments at Sunteck MaxXWorld

Thomas Cook India Ltd board to consider buy back on Feb 26, 2020

Delhi International Airport Ltd offers $150 mn senior secured notes

IndiGo to enable faster ground operations and reduce aircraft turn-around time with WheelTug Systems

Tech Mahindra Recognized as Global Leader on Climate Change for Four Years in a Row

IndiGo announces its international sale starting at INR 3499

NIIT Ltd to merge businesses of two subsidiaries with itself

Mahanagar Gas Ltd board to consider interim dividend on Feb 26, 2020

STL starts 2020 with Rs. 1500cr new order booking

Infibeam Avenues Expands its Digital Payments Business to USA

Lumax Auto Technologies Ltd Board declares interim dividend of Rs. 2 for 2019-20

Vinati Organics Ltd Board to consider Interim Dividend on Mar 2, 2020

NIIT Ltd Board approves interim dividend of Rs. 8 for 2019-20

PSP Projects Ltd bags award at the ICI-UltraTech Outstanding Structure Awards, 2020

Asian Paints Ltd board to consider 2nd interim dividend on Feb 25, 2020

Havells launches Carnesia-I, India's first intelligent ceiling fan with smart mode

NELCO Partners with Panasonic Avionics to Launch Aero In-Flight Communication Service in India

aafaq Islamic Finance is Now Powered by Infosys Finacle Digital Banking Suite

TCS Ranked as the #1 Life Sciences Service Provider by HFS

ICRA updates on ratings of Indotech Transformers Limited

Jindal Stainless Limited advances digitization level for AOD converter

Trigyn Awarded - Ontario Education Collaborative Marketplace (OECM) - IT Technical Resource Augmentation Services Contract

ARSS Infrastructure Projects Limited receives new work order from Rail Vikas Nigam Ltd

Aarohan Social Innovation Awards Announces the Winners of 2019

Zensar's Digital Foundation Services (DFS) to help enterprises navigate challenges of Enterprise 4.0 era

Radio City & mid-day's Hitlist Web Awards to Celebrate India's Binge List

Telangana State and MedTechConnect launch Project Tej

Man Industries India Ltd receives new export order from MENA region

Indag Rubber Limited board declares 2nd interim dividend of Rs. 1.50 for 2019-20

MAS Financial Services Ltd Board approves dividend of Rs. 6 for 2019-20

CBX-O launched to empower the customers with improved data analysis and automation for delivery of smarter & faster decisions

Dilip Buildcon JV receives completion certificate for project of Northern Coalfields ltd

Confidence Petroleum India Limited's subsidiary starts new bottling plant

Kotak Mahindra Bank receives RBI approval for dilution of promoters' shareholding

Aurobindo Pharma Ltd receives VAI status from USFDA for its General Injectable Unit

Banque Saudi Fransi Selects TCS BaNCS™ Global Banking Platform to Enhance Customer Experience

Infosys Partners with GE Appliances to Enable Digital and Workplace Transformation

Cyberinc Expands North American Channel Program, Adding Tech Data as a Principal Distributor of the Isla Isolation Platform

HCL Technologies to Launch Global Delivery Center in Hartford, Connecticut with Anchor Client, Stanley Black & Decker

Bharat Forge Ltd board to consider interim dividend on Feb 21, 2020

ICRA downgrades longterm rating of GE T&D India Ltd

Tata Coffee Ltd has sold 1,59,850 shares of Tata Chemicals Ltd

Manappuram Finance Ltd board to consider interim dividend on Feb 27, 2020

Tata Power rooftop solar solutions now available in 70 cities

Tata Consumer Products Limited has sold 7,05,522 shares of Tata Chemicals Ltd

ABM Knowledgeware Limited board declares interim dividend of Rs. 1.25

Thomas Cook India announces its 'Grand India Holiday Sale' with a range of attractive offers

Application made against K P Energy Ltd in NCLT

HGS Named a Leader in NelsonHall's NEAT Evaluation for CX Improvement Capability

Maruti Suzuki launches the All New IGNIS

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019