This is to inform you that the Board of Directors of the Company on recommendation of the Audit Committee has considered and approved the acquisition of 100% stake in Silver Sage Trading ....
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Fundviser Capital (India) Ltd has received board approval (with audit committee recommendation) to acquire the entire 100% stake in Silver Sage Trading LLC, a UAE-based single owner limited liability company engaged in trading of consumer household and industrial goods. The total consideration is Rs. 1.25 crore, based on a valuation report. Upon completion, Silver Sage Trading LLC will become a wholly owned foreign subsidiary of Fundviser Capital. The board meeting approving this ran from 12:00 noon to 1:15 PM on the same day.
This is a small-ticket international acquisition (Rs. 1.25 crore) that expands the company's footprint into UAE trading markets. The deal size is modest relative to typical corporate moves, so the immediate impact on the stock is likely limited, but it signals the company's intent to build a foreign subsidiary presence.