SPA Capital Services Limited ('SPACSL' or 'the Company') has agreed to make a strategic investment in IFAN Finserv Private Limited (' the Investee Company') by acquiring equity share equivalent to 40.2% of the issued and paid-up share capital of the investee Company by March 31,2020. Toward this end, the Company on March, 29 2020 has entered into a Share Purchase Agreement to acquire equity share equivalent to 40.2% of the issued and paid up share capital of the Investee Company as on date from the Promoter and other existing shareholders.
As, the Investee Company has more advance technology and assistance over the distribution and marketing of financial products this acquisition provides the acquirer (SPACSL) more edge over the technology and better captaincy on the distribution and marketing of the financial products.
IFAN Finserv Private Limited is registered with SEBI as "Registered Investment Adviser" vide its Registration No. INA000003304. The main objective of the Company is to providing, distributing, Marketing or selling financial and other products and providing advisory services for various financial and other products.