MoneyWorks4Me

Paul Merchants increases stake in Paul Fincap

06 Dec 2018 Evaluate

Paul Merchants has increased its stake in wholly owned subsidiary (WOS) company -- Paul Merchants Finance (formerly known as Paul Fincap) by acquiring 40,98,000 equity shares at a price of Rs 48.81 per equity share.

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 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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