Capital First has sold the entire 10,750,000 fully paid-up equity shares of Rs 10 each held in Future Finance (FFL), a wholly owned subsidiary of the company to APAC Consultants and its Associate companies. Consequently, FFL has ceased to be a subsidiary company of Capital First with effect from March 01, 2013.
The share sale has been undertaken, post receipt of necessary approvals including Reserve Bank of India, for a consideration of Rs 15.25 crore as against the FFL’s book value of net assets of Rs 14.91 crore.
Capital First, formerly Future Capital Holdings, is amongst the fastest growing financial services company in India, with presence in asset advisory, retail financial services and proprietary research.
Company Name | CMP |
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Bajaj Finance | 6740.00 |
Shriram Finance | 2366.85 |
Aditya Birla Capital | 223.45 |
SBI Cards AndPayment | 714.50 |
Chola Invest & Fin. | 1280.40 |
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