Akiko Global Services Limited — Board Meeting, 03-12-2024: Outcome of Board Meeting

The Board of Directors of Akiko Global Services Limited has announced a board meeting outcome, confirming the acquisition of M11 Insurance Agents Private Limited, wherein Akiko will acquire a 75% stake at Rs. 757 per share, involving an electronic fund transfer. This acquisition is aimed at enhancing market position, increasing revenue, and diversifying into secured and unsecured loans. The target entity, incorporated in 2003, reported a turnover of ₹11.72 crore for the fiscal year 2023-2024. The completion of the acquisition is expected within 2-3 months.