UPDATE 2-Finablr stock dives on debt deal in fresh blow to billionaire owner
Shares in payments company
Finablr plunged 27% on Friday after it disclosed its
majority owner, UAE-based Indian billionaire B. R. Shetty, had
pledged over half the company’s stock as security against debts
it incurred buying Travelex.
Finablr plunged 27% on Friday after it disclosed its
majority owner, UAE-based Indian billionaire B. R. Shetty, had
pledged over half the company’s stock as security against debts
it incurred buying Travelex.
Posted by Reuters
