LKP Finance has received Reserve Bank of India (RBI) approval for proposed sale of upto 62% equity shareholding to Dakshin Mercantile, an Essel Group company and change in its management structure.
Earlier, Dakshin Mercantile and the company had entered into a definitive agreement on May 14, 2018, under which Dakshin Mercantile agreed to acquire majority equity shareholding in the company.
LKP Finance is an India-based holding company, which is engaged in investment activities and other financial services. The company is a non-banking finance company (NBFC).
