RNFI Services Limited — Important, 27-03-2025: Updates

RNFI Services Limited proposes to acquire 1,21,10,000 equity shares, representing 100% of Payworld Digital Services Private Limited and its subsidiary Smart Payment Solutions Private Limited, through a structured purchase in three tranches, pending necessary approvals. Alongside the acquisition, a loan of Rs. 12 crore will be granted to the Target Company, also in three tranches. This strategic move aims to broaden RNFI’s agent base and enhance its product portfolio in the financial services sector. The acquisition is projected to be completed by September 30, 2026, and could significantly bolster RNFI's operational capabilities and market presence in underserved regions, offering digital financial services and various utility services. The market should watch closely for the potential growth opportunities arising from this strategic initiative.