Finkurve Financial Services Limited (BSE:508954) announced a private placement of not more than 19,000,000 common shares at a price of INR 38 per share for gross proceeds of not more than INR 760,000,000 on December 27, 2019. The company will issue shares on preferential basis. The transaction will include participation from Muthoot Finance Limited (NSEI:MUTHOOTFIN).

The transaction has been approved by the shareholders in the extraordinary general meeting of the company.