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Essel Finance has inked a deal to pick up 60% stake in Chennai-based VKC Credit and Forex, a money changing services company. The new entity, which will be re-christened Essel Finance VKC Forex, will enhance its business from the current portfolio consisting of currency notes, traveller cheque and pre-paid cards.
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Soon VKC had created for the consumers in India, the Middle East and the Far East, a vast range of footwear renowned for durability, quality and strength. Today, VKC is not only the No. 1 PU footwear manufacturer in India but also one among the top in the world.
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