MoneyWorks4Me

Spice Connect intends to acquire stake of Wall Street Finance

30 Jan 2019 Evaluate

Spice Connect is intending to acquire the 7,223,894 Equity Shares representing 62.43% of the paid-up share capital of Wall Street Finance from Smart Global Corporate Holding, the existing promoter of Wall Street Finance. Spice Connect is the wholly owned subsidiary of Smart Global Corporate Holding.

Wall Street Finance is a leader in foreign exchange and money remittance services in the country and has been upgraded to the status of Authorized Dealer Forex-II by the Reserve Bank of India.

Peers
Company Name CMP
Bajaj Finance 1040.00
Shriram Finance 1007.00
Aditya Birla Capital 402.00
Tata Capital 350.05
Chola Invest & Fin. 1770.45
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