Veefin Solutions Ltd — Important, 30-09-2025: Company Update
30-09-2025 | 01:21 pm
30-09-2025 | 01:21 pm
Veefin Solutions' board has approved a Scheme of Amalgamation to merge its subsidiaries, GlobeTF Solutions and Estorifi Solutions, into the parent company. This strategic move aims to consolidate business operations, broaden product offerings, and leverage synergies for a simplified corporate structure and enhanced shareholder value. As part of the scheme, 21 lakh equity shares held by identified promoter shareholders will be cancelled without consideration. For every 10 shares held in GlobeTF, shareholders will receive 2,731 Veefin shares, and for every 10 shares in Estorifi, they will receive 6,373 Veefin shares. This transaction will increase Veefin's promoter shareholding to 37.85% from 34.52%.
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