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Paul Merchants acquires shares of Paul Fincap

05 Dec 2017 Evaluate

Paul Merchants has acquired 13,45,418 equity shares of the target company Paul Fincap from its existing shareholders, at a price of Rs 40.92 per equity share on December 5, 2017. With this, the shareholding of the company in Paul Fincap has increased from 48.19% to 61.70%.

Paul Merchants is engaged in international inward remittance, foreign exchange and tours, and travels and air ticketing. The company’s segments include Forex, Western Union, Travel and Others.

Peers
Company Name CMP
Bajaj Finserv 1762.30
TVS Holdings 12493.90
Cholamandalam Fin. 1444.85
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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