SPA Capital Services (SPACSL) has agreed to make a strategic investment in IFAN Finserv by acquiring equity share equivalent to 40.2% of the issued and paid-up share capital of the investee company by March 31, 2020. Toward this end, the company on March, 29 2020 has entered into a Share Purchase Agreement to acquire equity share equivalent to 40.2% of the issued and paid up share capital of the Investee company as on date from the Promoter and other existing shareholders.
As, IFAN Finserv has more advance technology and assistance over the distribution and marketing of financial products this acquisition provides the acquirer (SPACSL) more edge over the technology and better captaincy on the distribution and marketing of the financial products.
SPA Capital Services Limited provides financial planning and investment advisory services.
