Veefin Solutions promoters relinquish shares in merger to boost value

Veefin Solutions Limited has announced a Scheme of Arrangement and Amalgamation involving the merger of its subsidiaries, GlobeTF Solutions Limited and Estorifi Solutions Limited, into the parent company. This strategic move, approved by the board of directors on September 30, 2025, aims to unify capabilities and revenue streams under one entity, simplifying operations, improving cross-selling, and focusing capital on innovation.

A notable aspect of this transaction is the voluntary relinquishment of 21 lakh shares by Veefin's promoters, valued at ₹83 crores as per the closing price on September 29, 2025, at nil consideration. This decision is intended to strengthen governance, align interests with minority shareholders, and broaden the foundation of long-term investor value by reducing concentration of ownership.

The amalgamation is expected to result in a simplified structure, stronger balance sheet, and greater operational scale for Veefin. With promoters relinquishing equity to enhance investor alignment, the company is positioned to accelerate growth and expand its fintech offerings.