GeeCee Ventures Limited has informed the Exchange about Intimation under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ( Listing Regulations )
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GeeCee Ventures Limited has acquired 2,03,315 partly paid-up equity shares worth Rs. 1.46 Crores in Fusion Finance Limited (FFL) by subscribing to its Rights Issue. Prior to this acquisition, the company held 65,000 fully paid-up shares in FFL, and after the allotment dated May 02, 2025, its total holding stands at 2,68,315 equity shares, representing a total investment of Rs. 3.78 Crores. Fusion Finance is a listed NBFC-MFI (microfinance institution) on BSE and NSE, with FY24 turnover of Rs. 2,316.73 Crores and profit after tax of Rs. 505.29 Crores. The acquisition was made in cash and is not a related party transaction. The move is part of GeeCee Ventures' investment activity, expanding its exposure in the microfinance sector serving rural women borrowers.
This is a modest investment by GeeCee Ventures in a financially strong listed microfinance company, indicating the company is deploying capital into the financial services sector. The acquisition is unlikely to materially impact GeeCee's stock price but signals confidence in Fusion Finance's growth prospects.