Alka Securities has informed that the Board of Directors of the Company at its meeting held on February 12, 2016, has considered and accepted investment in Alka Commodities of 55% of the share capital and subsequent addition of it as a subsidary Company. The investment will be at a Book Value of Rs 32 per share for 72,500, making the total consideration of Rs 2,320,217, and approved investment in Skylark Mercantile of 55% of the share capital and subsequent addition of it as a subsidary company. The Company will accquire 1,000 more shares at Rs 10 per shares, making the total consideration Rs 10,000.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 843.45 |
| Angel One | 314.55 |
| IIFL Capital Service | 326.85 |
| Nuvama Wealth | 1350.70 |
| Share India Sec. | 142.90 |
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