Intimation regarding acquisition of Equity Shares in Mufinpay Payment Solutions Private Limited, pursuant to issue of Equity shares on Private Placement basis.
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LKP Finance Limited is acquiring 2,40,000 equity shares in Mufinpay Payment Solutions Private Limited through a private placement. The shares have a face value of Rs. 10 each with a premium of Rs. 4,990 per share, implying a total deal value of around Rs. 12 crore (cash consideration). Mufinpay operates in the IT/ITES and corporate rewards & loyalty programmes space, was incorporated in May 2022, and reported a turnover of about Rs. 1.69 crore in FY25 (zero in prior years). The target is a related party, being a subsidiary of LKP Finance's promoter company, but the deal is described as at arm's length. The acquisition is aimed at expanding into new markets and strengthening the company's strategic positioning.
For shareholders, this signals a Rs. 12 crore cash deployment into a related-party entity with limited operating history (turnover only began in FY25). While the company describes it as strategic expansion, investors should watch for clarity on synergies and future returns, since Mufinpay is closely tied to the promoter group.