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Verifacts Services becomes subsidiary of Modern India

05 Feb 2014 Evaluate

Verifacts Services has become a subsidiary company of Modern India. This is pursuant to the company entering into a Share Purchase Agreement (SPA) with the promoter shareholders of Verifacts Services. Modern India has agreed to acquire 380,000 equity shares aggregating to 76% of the Paid Up share capital for a consideration of Rs 28 crore.

Verifacts Services, headquartered in Bangalore, is a human resources consulting company providing background/ antecedents verification services. Verifacts Services with 7 other branches and several associates across the Globe provide services to a large number of multinationals and national companies worldwide.

Modern India is having diverse interests ranging from real estate, textiles, gems and jewellery to education. It has become a financially secure conglomerate, having its offices in 4 cities spread over 3 countries.

Modern India Share Price

46.25 0.00 (0.00%)
04-Jun-2021 18:01 View Price Chart
Peers
Company Name CMP
Redington 224.15
Adani Enterprises 2185.00
Amrapali Industries 18.75
Rashi Peripheral 437.55
PDS 297.65
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