Paul Merchants has acquired 11,00,000 equity shares of Paul Merchants Finance (formerly known as Paul Fincap) from its existing shareholder. Now, the shareholding of company in the Paul Merchants Finance has increased to 96.87%.
Earlier, the company had decided to make Paul Merchants Finance, its wholly owned subsidiary by acquiring 100% paid up equity share capital of the company.
Paul Merchants is engaged in international inward remittance, foreign exchange and tours, and travels and air ticketing. The company’s segments include Forex, Western Union, Travel and Others.