<h1>Jagsonpal Services Secures RBI Approval for 100% Acquisition of Welcast Finstocks Private Limited</h1>
Jagsonpal Services Ltd has received official approval from the Reserve Bank of India (RBI) granting it permission to acquire 100% shareholding and control in Welcast Finstocks Private Limited. The NBFC, Welcast, is now subject to acquisition by Jagsonpal Services following this key regulatory sanction.
The RBI issued the approval through its letter dated July 2, 2026. This move allows the company to proceed with acquiring full ownership and management control of Welcast Finstocks Private Limited, a Non-Banking Financial Company (NBFC).
Following the receipt of the necessary approval, Jagsonpal Services Ltd confirmed that it will commence the acquisition process for Welcast Finstocks Private Limited. The acquisition is subject to adherence to all relevant provisions under the Master Direction - Reserve Bank of India (NonBanking Financial Companies - Acquisition of Shareholding or Control) Directions, 2025, along with other applicable acts and regulations.
The company plans to keep stakeholders informed regarding any further material developments related to this strategic acquisition as it moves forward.
Stock Price Movement
Jagsonpal Services Ltd settled on Thursday at ₹50.60, as shares ticked up 4.91% in the late trading session. The stock was completely locked for the day, with the intraday high and low both recorded at ₹50.60.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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