Glance Finance is planning to invest a sum of Rs 4.35 crore in Kotson’s by way of acquisition of 5,80,086 equity shares of face value Rs 10 each at a premium of Rs 65 per share, on a private placement basis. The main line of business of the company is to undertake investment activities, with a primary focus on acquiring and holding equity shares of other companies.
The objective of such investments is to generate long-term value and capital appreciation, and to strategically participate in the growth and development of investee companies, in compliance with the applicable laws and regulatory framework. The said acquisition is expected to be completed by September 30, 2025 or such other extended date as may be agreed between parties.
The company is engaged in money market operations and other financial activities.
