ICICI Bank (ICICIBANK, BOM:532174) has entered into an agreement to acquire a 9.49% stake in Verve Financial Services for 199.9 million Indian rupees ($2.7 million), according to a post-market hours filing on Monday.
Verve Financial operates the IndiaFilings platform, which provides a suite of services, like incorporation, trademark, tax filings, compliance, payroll management, and other business services to companies and entrepreneurs.
The transaction is expected to be completed by March-end.
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Source: 08:42 Feb 22, 2022 MT Newswires