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.