Signatureglobal (India) Limited (NSEI:SIGNATURE) agreed to acquire remaining 15.41% stake in Indeed Fincap Private Limited for INR 29.7 million on February 2, 2024. Post the acquisition, Indeed will become a wholly owned subsidiary of Signatureglobal. As of May 15, 2025, the Board has decided to acquire the balance shares at a consideration of not exceeding INR 28.26 million (instead of the previously intimated consideration of INR 29.66 million).

Indeed Fincap reported revenues of INR 27.5 million for FY 2022-23. The board of Signatureglobal approved the acquisition. The acquisition is subject to approval of necessary authorities and is expected to close in 12 months from the date of receipt of board approval.

Signatureglobal (India) Limited (NSEI:SIGNATURE) completed the acquisition of remaining 15.41% stake in Indeed Fincap Private Limited on June 20, 2025.