People's Leasing & Finance PLC (COSE:PLC.N0000) cancelled the acquisition of 33% stake in First Capital Holdings PLC (COSE:CFVF.N0000) from Janashakthi PLC.
People's Leasing & Finance PLC (COSE:PLC.N0000) cancelled the acquisition of 33% stake in First Capital Holdings PLC (COSE:CFVF.N0000) from Janashakthi PLC on September 4, 2023. The timelines for completion of the transaction lapsed on July 23, 2023, since the necessary regulatory approvals were not received by that date. Moreover, the parties have not been able to agree on the extension of the timelines.