Padmanabh Industries gets RBI's NOC for acquisition of a NBFC

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Last Updated : Feb 07 2018 | 6:31 PM IST

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Padmanabh Industries proposes to acquire 69.96% stake in Guardian Finance

Padmanabh Industries has been granted No objection Certificate (NOC) dated 02 February 2018 by the Reserve Bank of India for the proposed acquisition of 15,74,100 Equity shares of Guardian Finance (A RBI Registered Non Banking Financial Company (NBFC)) which constitute 69.96% of the present paid up capital of Guardian Finance, subject to necessary approvals.

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First Published: Feb 07 2018 | 6:07 PM IST

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