Veefin Solutions trades in green on the bourses
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Veefin Solutions is currently trading at Rs. 721.00, up by 4.35 points or 0.61% from its previous closing of Rs. 716.65 on the BSE.
The scrip opened at Rs. 752.45 and has touched a high and low of Rs. 752.45 and Rs. 721.00 respectively. So far 215200 shares were traded on the counter.
The BSE group 'M' 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. 185.95 on 15-Nov-2023.
Last one week high and low of the scrip stood at Rs. 752.45 and Rs. 678.70 respectively. The current market cap of the company is Rs. 1645.35 crore.
The promoters holding in the company stood at 39.84%, while Institutions and Non-Institutions held 1.95% and 58.21% respectively.
Veefin Solutions’ subsidiary -- Estorifi Solutions has signed a term sheet to acquire 26% stake of Epikindifi Software & Solutions (EpikIndifi) on September 16, 2024. With EpikIndifi, Veefin group will now add new revenue streams through digital retail lending across personal loans, green loans, BNPL schemes, credit cards, mortgage loans and SMEs loans in addition to its existing heft in working capital solutions. EpikIndifi offers banks and financial institutions a suite of intelligent automation across identity, decisioning, lending and collection for retail products.
Epikindifi is valued at Rs 125 crore and the cost for acquiring 26% of Epikindifi is Rs 32.5 crore.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
