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GeeCee ventures completes payment for Fusion Finance stake

December 10, 2025 at 01:49 PM UTCBy FilingReader AI

GeeCee Ventures Limited announced on December 10, 2025, the completion of its balance payment for outstanding partly paid-up equity shares in Fusion Finance Limited (FFL). The payment, amounting to Rs. 1.33 crores, was made towards the First and Final Call notice by FFL, settling the acquisition at 4:30 p.m. on the same day. This follows an earlier intimation on May 2, 2025, regarding the subscription of 203,315 partly paid-up equity shares of FFL through a Right Issue, in addition to the 65,000 fully paid-up equity shares already held.

The total cost of acquisition is approximately Rs. 2.67 crores, with the price of acquisition being Rs. 131 per share. Post-acquisition, GeeCee Ventures' total holding in FFL now stands at 268,315 equity shares. This transaction increases the company's investment in FFL, a registered NBFC-MFI established in 2010 focusing on financial services for rural women and MSME loans. FFL reported a turnover of Rs. 2,319.76 crores for the fiscal year 2024-25.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:GEECEEBombay Stock Exchange

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