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Fundviser Capital (India) Ltd has informed BSE that its Board, on the recommendation of the Audit Committee, has approved the acquisition of 100% stake in Silver Sage Trading LLC, a single-owner Limited Liability Company incorporated in the UAE. Silver Sage is engaged in trading of consumer household and industrial goods and already has an existing customer base. The total consideration for the acquisition is Rs. 1.25 crore (One Crore Twenty Five Lakhs), arrived at based on a valuation report. Upon completion, Silver Sage Trading LLC will become a Wholly Owned Foreign Subsidiary of Fundviser Capital under Section 2(87) of the Companies Act, 2013.
This is a small-ticket international acquisition (Rs. 1.25 crore) marking Fundviser Capital's entry into UAE-based trading of consumer goods. Given the modest deal size, the immediate impact on shareholders is likely limited, though it signals the company's intent to expand overseas operations.