Signatureglobal (India) Limited (NSEI:SIGNATURE) agreed to acquire remaining 15.41% stake in Indeed Fincap Private Limited for INR 29.7 million on February 2, 2024. Post the acquisition, Indeed will become a wholly owned subsidiary of Signatureglobal. Indeed Fincap reported revenues of INR 27.5 million for FY 2022-23.

The board of Signatureglobal approved the acquisition. The acquisition is subject to approval of necessary authorities and is expected to close in 12 months from the date of receipt of board approval.