Mothichand Finance is planning to issue equity shares to KKR India Asset Investment, which will subscribe to more than 50% of the total equity share capital of the company.
Post the proposed subscription, KKR Capital Markets India Pvt, which is also existing shareholder in the company, plans to transfer its entire shareholding in the company to KKR India Asset.
Pursuant to the proposed subscription and proposed purchase, KKR India Asset would own effectively 100% of the equity share capital of the company, said KKR India Asset, without disclosing the value.
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