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.
Signatureglobal (India) Limited is an India-based holding company. The Company and its subsidiaries are engaged in the business of real estate development. It also supplies construction material and provides construction services based on construction contracts. It is also engaged in the business of a Non-Banking Financial Company (NBFC) (Non-accepting public deposits). It operates through three segments: Real Estate, NBFC, and Others. The Company's residential project consists of Signature Global City 79B, Signature Global City 93, Signature Global City 92 - 2, Signature Global City 63A, Signature Global City 37D II, Signature Global Imperial, The Millennia IV, Signature Global City 81, Signature Global City 37D, and others. Its commercial projects include DELUXE DXP (Commercial of Deluxe DXP), Signature Global SCO II 88A, Signature Global SCO 88A, Signum Plaza 93 (Commercial of Signature Global City 93), Signum Plaza 79B (Commercial of Signature Global City 79B), and others.
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