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

Akiko Global Services Limited has announced a board meeting where key decisions were made, including the approval of an acquisition of 75% stake in M11 Insurance Agents Private Limited for ₹757 per share, totaling approximately ₹15 crore based on the number of shares. This strategic move aims to enhance market presence and diversify into secured and unsecured loans, contributing to both top-line growth and profitability. The acquisition is expected to be completed within 2-3 months, with no regulatory approvals required.