Abans Financial Services buys 6.01% stake in subsidiary AFPL
AFSL · price
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On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 2.0 pts more than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Abans Financial Services is buying 20,70,926 more equity shares of its NBFC subsidiary Abans Finance Private Limited, representing 6.01% stake, at Rs. 111 per share in cash. This takes holding from 93.97% to 99.98%. AFPL reported Rs. 77.84 crore turnover in FY26. Total cost is around Rs. 23 crore. Seller is not a related party.
Minor stake hike in existing subsidiary, raising holding to 99.98%. No material change to business profile or control.