07-Oct-2026 20:20:46

AFSLAcquisition and merger

AFSL : ACQUIRES 6.01% STAKE IN ABANS FINANCE WORTH RS 22.99 CR

• AFSL to acquire 20,70,926 equity shares or 6.01% of Abans Finance Private Limited (AFPL) from Siddhant Commercials Private Limited • Cash consideration at ₹111 per share, aggregating ~₹22.99 Cr • AFSL held 93.97% of AFPL before the deal and will hold 99.98% post acquisition • AFPL is a financial services NBFC; FY26 audited turnover ₹77.84 Cr, paid-up capital ₹34.47 Cr • Turnover trend: ₹131.39 Cr (FY24), ₹77.02 Cr (FY25), ₹77.84 Cr (FY26) • Transaction completed October 07, 2026; no governmental or regulatory approval required

Abans Financial Services Ltd

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