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Modern India planning to acquire remaining 24% stake in Verifacts Services

24 Oct 2018 Evaluate

Modern India is planning to acquire the remaining stake of 24%  (i.e. 1,20,000 Equity shares) in the subsidiary company- Verifacts Services, which in turn will make Verifacts Services - a wholly owned subsidiary of the company. The meeting of the Board of Directors of the company is scheduled to be held on October 25, 2018, to consider the same.

Modern India is into various business verticals inter alia Real Estate and Infrastructure Development, offering Business Centre facilities, Power Generation, Background Verification, Commodities Trading, International procurement solutions and services and Vocational Training amongst others.

Peers
Company Name CMP
Redington 349.60
Adani Enterprises 2682.00
Amrapali Industries 32.78
Maxgrow India 174.80
Rashi Peripheral 689.15
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