Veefin Solutions surges on acquiring 26.55% stake in White Rivers Media Solutions
Veefin Solutions is currently trading at Rs. 348.50, up by 6.25 points or 1.83% from its previous closing of Rs. 342.25 on the BSE.
The scrip opened at Rs. 342.25 and has touched a high and low of Rs. 348.50 and Rs. 342.25 respectively. So far 2400 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 753.90 on 10-Sep-2024 and a 52 week low of Rs. 256.10 on 01-Apr-2025.
Last one week high and low of the scrip stood at Rs. 359.15 and Rs. 317.00 respectively. The current market cap of the company is Rs. 820.49 crore.
The promoters holding in the company stood at 35.25%, while Institutions and Non-Institutions held 4.06% and 60.70% respectively.
Veefin Solutions through its subsidiary Infini Systems has acquired 26.55% consisting of 3,932 Equity shares along with majority Board control of White Rivers Media Solutions on July 2, 2025. The object of acquisition is to increase revenue and efficiency by consolidating client relationships. Cost of acquisition is Rs 87 crore.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
