Fortune Financial Services (India) acquires 80% stake in INTL Risk Consultants Insurance Brokers

For lump sum price of Rs 80 lakh

Fortune Financial Services (India) has entered in to share purchase agreement with the shareholders of INTL Risk Consultants Insurance Brokers for acquisition of 7,46,800 equity shares of Rs. 10 each fully paid being 80% of the total issued capital of INTL Risk Consultants Insurance Brokers at a lump sum price of Rs. 80,00,000/- (Rupees : Eighty Lakhs only).

The consideration for the acquisition of equity shares will be paid by the Company in tranches the shares will be acquired in four financial years commencing from 2017-2018 or earlier as may be mutually decided between the parties as mentioned in the share purchase agreement.

 

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