14-Oct-2026      20:10

Turtlemint’s board approved a Rs 149.51 crore investment in its insurance broking subsidiary

Turtlemint Fintech Solutions Limited announced that its board approved an investment of up to Rs 1,49,51,13,103.05 in its wholly owned subsidiary, Turtlemint Insurance Broking Services Private Limited, through a rights issue of up to 8,41,715 equity shares at Rs 1,776.27 per share. The investment will be used to meet working capital requirements, including lease payments, and will not alter the company’s shareholding percentage in the subsidiary.

News source: Capital Market - Live News