Capital Trust to seek shareholders' nod for NBFC buy

Capital Trust will seek approval of its shareholders and the Reserve Bank of India for the takeover of a non-banking finance company, it said in a notification to the exchanges today. The board of the company on Friday discussed and took on record the proposal to acquire an NBFC registered with the RBI’s Delhi office. Capital Trust did not disclose the name of the NBFC it plans to acquire nor the size. Shares of Capital Trust edged down 1.1 per cent at ₹429.85 on the BSE.