Finkurve Financial Services has planned to divest its investment of Rs 1,00,000 made in M/s. Arvog Enterprises, a wholly owned subsidiary (WOS) of the company, which was incorporated on October 20,2023.
The company had incorporated M/s. Arvog Enterprises for carrying out a specific business, in line with its existing business. However, due to certain reasons, the Company could not start the said business operations in the WOS and also no longer intends to pursue the said purpose for which WOS was incorporated and therefore has decided to disinvest its entire investment from M/s. Arvog Enterprises. It is not a material subsidiary of the company and that such disinvestment shall not affect the revenue or business of the company.
Finkurve Financial Services is engaged in the business of finance and investments. Leasing and hire purchase forms the main business activity.
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