Paul Merchants has further acquired 11,00,000 equity shares of Paul Merchants Finance from its existing shareholder Sarita Rani Bansal at a price of Rs 48.81 per Equity Share which includes a premium of Rs 38.81 per Equity share. With this, the shareholding of the company in the Target Company has increased to 96.87%.
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.
