M&A
Mufin Group hikes stake in LKP Finance to 61%
BSE Announcement BSE Announcement Business Line
Publicly-listed, Delhi-based Mufin Group, has increased its stake in Mumbai-based LKP Finance to 61.21%. In Feb2024, Mufin had acquired a 45.32% stake in publicly listed LKP Finance. It has now acquired an additional 15.89% through the open offer.Established in 1984, LKP Finance Ltd operates as a non-banking financial institution offering financial services. Muffin Group specialises in lending to non-banking financial companies (NBFCs), EV financing, charging infrastructure, insurance financing, digital payments and forex solutions.
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