On 28 April 2017
Fortune Financial Services (India) has entered in to share purchase agreement with the shareholders of IRC Credit Management Services for acquisition of 10,000 equity shares of Rs. 10 each fully paid aggregating to Rs. 1.00 lakh.Consequent to entering in to the above agreement, the Company has acquired 10,000 equity shares of Rs. 10 each fully paid aggregating to Rs. 1.00 lakh of IRC Credit Management Services on 28 April 2017.
In view of acquisition of these equity shares, IRC Credit Management Services has become the wholly owned subsidiary of the company effective from 28 April 2017.
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