M&A

M&A

Mufin Finance acquires APM Finvest for Rs.76-Cr

Economic Times  

Delhi-based Mufin Finance has acquired Rajasthan-based APM Finvest, a BSE-listed NBFC, for over INR 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles (EVs) market. As part of the deal, the core team of APM Finvest will join Mufin Finance. Mufin Finance acquired Rupee Circle, a P2P (peer-to-peer) non-banking financial company, in June 2021. It is targeting INR 100 crore disbursements in the next 3 months and aims to disburse INR 500 crore in the next 12-15 months.