Kreon Finnancial Services has signed a share purchase agreement (SPA) with promoters of Aran Kitchen World India to acquire majority stake in to the company there by making it a subsidiary of the company. The strategic investment shall provide the company to grow inorganically and have its presence in one of the most growing business segment of retail industry.
The company has inked SPA pursuant to the board of directors approving the strategic investment proposal at its board meeting held on November 28, 2011.
Aran Kitchen World India is a joint venture company between Aran World SRL (Italy) and Bohra Sanitary. It is a leading player in modular kitchen segment having its presence in PAN India basis with presently operating with 9 stores.
Kreon Finnancial Services carries a wide range of fund based and non-fund based financial services namely investment, lease finance, hire purchase finance, bill discounting etc.
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