Key Quantitative Figures
- Number of shares acquired: 20,70,926 equity shares
- Percentage of paid-up equity share capital: 6.01%
- Acquisition price per share: ₹111
- Total consideration: ₹22,99,72,786 (20,70,926 shares × ₹111)
- Pre-acquisition holding: 93.97% of AFPL
- Post-acquisition holding: 99.98% of AFPL
- Target company paid-up share capital (as of March 31, 2026): ₹34,47,27,290
- Target company turnover (FY26): ₹77,84,03,249
Parties Involved
- Acquiring company: Abans Financial Services Limited (formerly Abans Holdings Limited)
- Seller: Siddhant Commercials Private Limited
- Target entity: Abans Finance Private Limited (subsidiary)
- Valuer: MSKA & Associates LLP (formerly MS KA & Associates), Chartered Accountants (ICAI Firm Reg. No. 105047W/W101187)
Transaction Details
- Consideration type: Cash
- Valuation basis: Valuation Report from MSKA & Associates LLP
- Related party status: Siddhant Commercials Private Limited is not a related party
- Government approvals: No governmental or regulatory approval required
Target Company Information
- Industry: Financial Services - Non-Banking Financial Company
- Date of incorporation: November 01, 1995
- Historical turnover:
- March 31, 2024: ₹1,31,38,52,744
- March 31, 2025: ₹77,02,13,128
- March 31, 2026: ₹77,84,03,249
Purpose and Impact
- AFPL continues to be a subsidiary of Abans Financial Services Limited
- The acquisition increases the company's control over the subsidiary from 93.97% to 99.98%
- Transaction carried out at arm's length basis as per valuation report
Additional Information
- Disclosure also uploaded on company website: www.abansfinserv.com
- Filed with both BSE (Scrip Code: 543712) and NSE (Symbol: AFSL)
#AbansFinancialServices #AFPL #SEBIDisclosure #RegulatoryCompliance #M&A #Neutral