India's SG Finserve rises after RBI approves undertaking factoring business

Sg Finserve

18/12/2025 04:14

** SG Finserve SGFI.NS rises as much as 5.2% to 420 rupees

** Stock set to snap 2 weeks of losses, rising 3.7% so far this week

** RBI approves NBFC's application for undertaking factoring business, where companies sell receivables at a discount

** More than 312,000 shares traded, 2.1x the 30-day moving avg

** SGFI last up 2%; rises ~5.4% since listing on August 5

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))