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Fusion Finance Ltd ( (IN:FUSION) ) just unveiled an update.
Fusion Finance Ltd has disclosed that founder-promoter Devesh Sachdev, along with Mini Sachdev and the Devesh Sachdev Family Trust, has requested reclassification of their combined 2.8% shareholding from the ‘promoter and promoter group’ category to the ‘public’ shareholder category, in line with SEBI Listing Regulations. The proposed change, which will require approvals from the board, shareholders and stock exchanges, signals a formal step away from promoter status and control, potentially altering the company’s ownership profile and governance perception while keeping overall voting power below key regulatory thresholds.
More about Fusion Finance Ltd
Fusion Finance Ltd, formerly Fusion Micro Finance Ltd, operates in India’s financial services sector with a focus on microfinance and related lending activities. The company is listed on both the National Stock Exchange of India and BSE, where its shares trade under the symbol FUSION and associated scrip codes, reflecting its presence in the formal capital markets.
Average Trading Volume: 22,094
Technical Sentiment Signal: Hold
Current Market Cap: 30.59B INR
Find detailed analytics on FUSION stock on TipRanks’ Stock Analysis page.