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19 November, 2019 03:21 IST
Fortune Financial enters in to share purchase agreement with IRC Credit
Source: IRIS | 02 May, 2017, 01.08PM
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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 lakh.

Consequent to entering in to the (Q,N,C,F)* above agreement, the Company has acquired 10,000 equity shares of Rs 10 each fully paid aggregating to Rs 1 lakh of IRC Credit Management Services on April 28, 2017.

In view of acquisition of these equity shares, IRC Credit Management Services has become the wholly owned subsidiary of the company effective from April 28, 2017.

Shares of the company declined Rs 5.35, or 1.51%, to trade at Rs 350.00. The total volume of shares traded was 7,949 at the BSE (12.58 p.m., Tuesday).

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