Announced Fri, 3 Jul · 14:01 IST
RBI approves Jagsonpal Services 100 percent acquisition of Welcast Finstocks NBFC
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹50.60
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—————-1.2-6.1-10.7-9.1-0.1+16.6———
Up moveDown movePending
AI summary
Jagsonpal Services received RBI approval dated 2 July 2026 to acquire 100 percent shareholding and control of Welcast Finstocks Private Limited, an NBFC. The company will now commence the acquisition, subject to compliance with RBI NBFC acquisition directions. This continues an earlier disclosure from August 2025 about the planned deal.
Likely market impact
Clears a key regulatory hurdle for the acquisition. Expands the company into the NBFC space, though closing still depends on further compliance steps.