fintech / news / / scanx.trade
LKP Finance has executed a strategic acquisition of a stake in Gyftr (Vouchagram Private) The move positions the company to capitalize on India's rapidly expanding digital payments, rewards, and transaction-led services market.
LKP Finance has applied to surrender its NBFC licence to focus solely on fintech operations.
KEY POINTS
- Through Mufin Pay's 100% ownership, LKP Finance gains significant indirect control over Gyftr.
- LKP Finance wrote back a Rs 1,474.24 lakh loan liability outstanding for over twelve years.
- The company faces ongoing litigation for Rs 2,122.40 lakhs, with mutual funds worth Rs 613.44 lakhs attached.
- Statutory auditors issued a qualified opinion due to unconfirmed loans of Rs 3,596.65 lakhs and ongoing litigation.
COMPANIES
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