Share India Securities has received approval from Board of Directors for incorporation of a subsidiary company (Proposed Subsidiary) and making investment by way of subscription of equity shares of the Proposed Subsidiary.
The proposed subsidiary is to be incorporated in India and shall carry on the business of stock broking in shares, commodities and currencies and derivatives instruments on recognized exchanges. The Company shall invest Rs 73,09,000 in the subscription shares of the Proposed Subsidiary. The Company proposes to acquire 7,30,900 equity shares, constituting 78.52% of the total shareholding of the Proposed Subsidiary. The Board of Directors of Share India Securities at its meeting held on March 18, 2024 approved the same.
Share India Securities is currently engaged in the business of equity broking, investing and trading activities.
Company Name | CMP |
---|---|
ICICI Securities | 711.65 |
Angel One | 2493.90 |
Motilal Oswal Fin | 2276.30 |
Share India Sec. | 1537.05 |
SMC Global Sec. | 159.45 |
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