Kiran Vyapar acquires 0.68 percent stake in Greshma Finvest for INR 11.86 Cr
KIRANVYPAR · price
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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.6 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kiran Vyapar has subscribed to 85,966 equity shares (0.68 percent) of NBFC Greshma Finvest Private Limited for up to INR 11.86 Crores in cash. With this allotment, total holding in Greshma Finvest rises to 6.37 percent. The deal is not a related party transaction and needs no regulatory approvals. The acquisition is strategic, aimed at expanding the company's financial services and investment activities.
Small incremental stake in an NBFC subsidiary; signals continued focus on expanding financial services but not large enough to materially move the stock.