Jagsonpal Finance to Acquire Welcast Finstocks, Plans Name Change to Jagsonpal Services
Jagsonpal Finance & Leasing Limited's Board has approved the acquisition of Welcast Finstocks Private Limited for Rs. 212.23 per share, encompassing its entire paid-up share capital. The company has also initiated steps to change its name to Jagsonpal Services Limited, subject to shareholder approval. The acquisition is expected to be completed by December 2025, pending regulatory approvals. Welcast Finstocks, an NBFC registered with RBI, has reported nil turnover for the past three financial years.