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Swadhaar FinServe Grants RBL Bank Rights to Acquire 100% Stake
December 01, 2017
After increasing its stake in financial services company Swadhaar FinServe (SFL) to 60% recently, private sector RBL Bank has now acquired the rights to push the same up to 100%.
RBL had increased its stake from 30% to 60.48% earlier this month, which made SFL its subsidiary company.
RBL Bank’s MD and CEO Vishwavir Ahuja said that their deepened relationship with SLF is “in sync with our vision and strategy”.
RBL Bank can now increase its stake in RBL, although regulatory approvals are still necessary.
