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Veefin Solutions to Merge Subsidiaries as Promoters Relinquish 21 lakh shares amounting to INR 83 crores to enhance Minority Shareholder Value
Mumbai (Maharashtra) [India], September 30:Veefin Solutions Limited(BSE: VEEFIN | 543931), Veefin Solutions Limited (“Veefin” or “the Company”) today announced that its Board of Directors has approved a Scheme of Arrangement and Amalgamation involving its subsidiaries, GlobeTF Solutions Limited (“GSL”) and Estorifi Solutions Limited (“ESL”). The Scheme, subject to customary approvals from shareholders, creditors, and regulators including [...]
Mumbai (Maharashtra) [India], September 30:Veefin Solutions Limited(BSE: VEEFIN | 543931), Veefin Solutions Limited (“Veefin” or “the Company”) today announced that its Board of Directors has approved a Scheme of Arrangement and Amalgamation involving its subsidiaries, GlobeTF Solutions Limited (“GSL”) and Estorifi Solutions Limited (“ESL”). The Scheme, subject to customary approvals from shareholders, creditors, and regulators including BSE, SEBI, and NCLT, proposes the merger of GSL and ESL into Veefin, with equity shares issued to their shareholders.
In a move that sets this transaction apart, Veefin’s Promoters have voluntarily chosen to relinquish 21 lakh shares approximately valued at ₹83 crores (as per closing price on 29th September, 2025) at Nil consideration. This decision reflects a clear commitment to strengthening governance, aligning interests with minority shareholders, and broadening the foundation of long-term investor value.
