Modern India has entered into a Share Purchase Agreement with Verifacts Services. Modern India has agreed to acquire 380,000 equity shares aggregating to 76% of the Paid Up share capital for a consideration of Rs 28 crore. With this addition Modern India will mark its foray into the business of verifications services.
Verifacts Services, headquartered in Bangalore, is a human resources consulting company providing background/ antecedents verification services. Verifacts Services with 7 other branches and several associates across the Globe provide services to a large number of multinationals and national companies worldwide.
Modern India is having diverse interests ranging from real estate, textiles, gems and jewellery to education. It has become a financially secure conglomerate, having its offices in 4 cities spread over 3 countries.
Company Name | CMP |
---|---|
Adani Enterprises | 3275.25 |
Redington | 198.65 |
Amrapali Industries | 14.73 |
Rashi Peripheral | 320.00 |
Compuage Infocom | 3.95 |
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