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Paul Merchants acquires 11 lakh shares of Paul Merchants Finance

27 Nov 2018 Evaluate

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.

Peers
Company Name CMP
Bajaj Finserv 1737.00
TVS Holdings 11500.70
Cholamandalam Fin. 1359.55
Altius Telecom Infra 172.00
Kama Holdings 2274.10
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