Vision Plus Security Control Private Limited and Ajay Guliya acquired 59.2% stake in CPG BPM Services Private Limited from International Leasing and Financial Services Limited.

Vision Plus Security Control Private Limited and Ajay Guliya acquired 59.2% stake in CPG BPM Services Private Limited from International Leasing and Financial Services Limited (DSE:ILFSL) on December 2, 2020. The founder promoters of the company still hold the remaining stake. The transaction was done through National Company Law Tribunal proceedings. The transaction is subject to requisite approvals, including, corporate approvals of the selling shareholders, the approval of the Board, approvals required under applicable law or from statutory authorities, approval of the National Company Law Tribunal and other competent authorities nominated by the National Company Law Tribunal / National Company Law Appellate Tribunal. Staava Capital provided consultancy services to Vision Plus Security Control Private Limited. Arpwood Capital Private Limited and JM Financial Limited (BSE:523405) acted as financial advisor for International Leasing and Financial Services Limited. Vision Plus Security Control Private Limited and Ajay Guliya completed the acquisition of 59.2% stake in CPG BPM Services Private Limited from International Leasing and Financial Services Limited (DSE:ILFSL) on December 2, 2020.