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S E Investments acquires 100% stake in Nupur Finvest

Posted On: 2011-03-23 02:33:01

S.E. Investments Ltd for proper monitoring and regulation of micro financing business, is acquiring 100% equity shares of M/s Nupur Finvest Private Limited, a RBI registered NBFC, by purchasing equity shares from existing shareholders and further allotment of shares of M/s Nupur Finvest Private Limited to carry on micro finance business according to modified guidelines.

After this acquisition M/s Nupur finvest Private Limited will be the wholly owned Subsidiary of M/s S. E. Investments Limited.

The stock was trading at Rs.21.75, up by Rs.0.30 or 1.40%. The stock hit an intraday high of Rs.22.80 and low of Rs.21.40.

The total traded quantity was 1.26 lakhs compared to 2 week average of 1.35 lakhs.


Source: Equity Bulls

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