Vikas Garg & Seema Garg to acquire up to 26% in Advik Capital Ltd. at Rs. 4.15 per share via Open offer

Business

New Delhi (India), May 21: BSE listed Advik Capital Ltd. (BSE: 539773), is one of the emerging Non-deposits taking Non- Banking Finance Company (NBFC). As per announcement submitted by Advik Capital Ltd. on BSE, Mr. Vikas Garg (acquirers) and Ms. Seema Garg (Acquirers), along with Ms. Sukriti Garg (Person acting in Concert/’PAC’), have entered into a Share Purchase Agreement (SPA) on May 18, 2022, to acquire 1,73,84,000 equity shares, representing 7.89% of the paid-up equity share capital of Advik Capital Ltd.

Further, the acquirers shall, via open offer, offer the acquisition of upto 5,72,50,253 equity shares of face value Re.1, representing 26% of paid up equity share capital of Advik Capital Ltd. from the public share holders of the company. The open offer is made at Rs. 4.15/- for each equity share.Being an NBFC, the acquisition of shares and control by the Acquirers and PAC as envisaged under this PA is subject to the prior approval of RBI.

The company is registered with Reserve Bank of India, New Delhi and is carrying on the Business of investing funds, assisting the financial accommodation by way of loans/advances and undertaking the business of leasing to finance lease operations of all kinds, purchasing, selling, hiring or letting on hire or all kinds of plant and machinery.

Earlier, Advik has started with some business plans being in process and certain capital raised via Rights Issue which is expected to be invested in funding the planned segments. The move is to boost up the core business and to expand it to consumer finance segments.

The company looks to diversify into personal loans and micro financing segments which offer higher returns on investments and considering the numbers (population size) and growth in consumption of durables in India, the company expects it to be a viable business model.

23 thoughts on “Vikas Garg & Seema Garg to acquire up to 26% in Advik Capital Ltd. at Rs. 4.15 per share via Open offer

  1. What i do not realize is actually how you are not really much more well-liked than you might be now. You’re so intelligent. You realize thus significantly relating to this subject, made me personally consider it from so many varied angles. Its like men and women aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs excellent. Always maintain it up!

  2. Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

  3. Please let me know if you’re looking for a article author for your weblog. You have some really good posts and I think I would be a good asset. If you ever want to take some of the load off, I’d love to write some material for your blog in exchange for a link back to mine. Please shoot me an e-mail if interested. Many thanks!

  4. What’s up to every single one, it’s genuinely a pleasant for me to pay a visit
    this website, it includes valuable Information.
    MEGAWIN188 AGEN SLOT ONLINE TERPERCAYA 2023
    Megawin188 adalah Agen Permainan Judi Slot Online
    Indonesia Deposit Pulsa Tanpa Potongan atau dengan Uang Asli adalah situs tempat untuk melakukan taruhan terbesar dan terpercaya serta terbaik di indonesia.
    Situs kami merupakan salah satu situs bandar judi slot online,
    casino online, bola online, togel online, dan poker
    online terbaik dan menghadirkan banyak bidang permainan game taruhan online.

    LINK ANTERLATIF MEGAWIN188 SLOT
    Link Alternatif Megawin188 Slot sekarang kembali muncul sebagai salah satu
    agen bandar slot indonesia yang disertai dengan fitur customer service yang sangat professional dan selalu online 24 jam
    untuk melayani kebutuhan anda. Untuk menghubungi costumer
    service, kallian dapat menghubungi melalui livechat, SMS, atau Telepon dan Whatsapp.
    Jika kalian sedang mengalami kendala, boleh menghubungi costumer service kami, dan pastinya costumer service kami akan memberikan kemudahan untuk anda sehingga anda bisa
    menikmati permainan ini jauh lebih aman dan nyaman.

  5. Hey very nice blog!! Man .. Beautiful .. Wonderful .. I will bookmark your site and take the feeds also?KI’m glad to search out a lot of useful information right here within the submit, we’d like work out extra strategies on this regard, thank you for sharing. . . . . .

  6. It¦s really a cool and helpful piece of info. I¦m happy that you just shared this useful information with us. Please stay us informed like this. Thank you for sharing.

  7. Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

Leave a Reply

Your email address will not be published. Required fields are marked *