Manappuram Finance has informed that the Company has acquired 100% equity shares of Manappuram Insurance Brokers Pvt. Ltd (‘MIBPL’) by way of transfer of shares from existing shareholders of MIBPL for the total consideration amount of Rs 1.55 Crore and the Board of Directors of MIBPL met January 01, 2016 has registered the transfer of equity shares in the name of the Company and noted the beneficial interest declarations made under the provisions of Section 89 of the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
