At meeting held on 02 July 2018
Manappuram Finance announced that the Board of Directors of the company at its meeting held on 02 July 2018 has authorized entering into (a) securities purchase agreement in connection with the Company's acquisition of 85.39% of the share capital (on a fully diluted basis) of Indian School Finance Company ('ISFC' or 'Target Entity'),from certain existing ISFC shareholders, and (b) transfer restrictions agreement between the Company, Indian School Finance Company and certain continuing shareholders of the Target Entity (together 'Proposed Acquisition'). Proposed Acquisition is subject to approval of the Reserve Bank of India and other customary conditions precedent.Powered by Capital Market - Live News
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