LONDON-- Mobile financial services group eServGlobal Ltd. (ESV.AU) Monday said it has agreed to subscribe for shares in Homesend, a money transfer joint venture that includes Mastercard Inc. (MA), in order to maintain its 35% stake.

The company is required to pay 875,000 euros ($981,000) on October 14 and EUR2.625 million in April for the shares, out of a total capital raise of EUR10M by HomeSend.

Shares at 1309 GMT, up 3.2%, at 8 pence valuing the company at GBP21.3 million.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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(END) Dow Jones Newswires

October 05, 2015 09:25 ET (13:25 GMT)

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