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Fortune Financial inches up on getting nod for setting up of MF, AMC and Trustee Company

01 Aug 2016 Evaluate

Fortune Financial Services (India) is currently trading at Rs. 265.20, up by 0.20 points or 0.08% from its previous closing of Rs. 265.00 on the BSE.

The scrip opened at Rs. 289.80 and has touched a high and low of Rs. 289.80 and Rs. 265.05 respectively. So far 9872 shares were traded on the counter.

The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 289.80 on 1-Aug-2016 and a 52 week low of Rs. 106.00 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 289.80 and Rs. 252.00 respectively. The current market cap of the company is Rs. 1403.13 crore.

The promoters holding in the company stood at 73.84%, while institutions and non-institutions held 4.91% and 21.25% respectively.

Fortune Financial Services India has received in-principle approval from SEBI Investment Management Department for to sponsor a Mutual Fund (MF) and to set up of Asset Management Company (AMC) and Trustee Company subject to fulfillment of requirements as prescribed in SEBI (Mutual Fund) Regulations, 1996.

Last year in September, the company had acquired 100,000 equity shares of Rs 10 each fully paid of Distress Asset Specialist for cash deal. With this acquisition, the company’s holding in Distress Asset Specialist was 100% and it had become a wholly owned subsidiary of the company effective from September 01, 2015.

Fortune Financial Services (India) and its wholly-owned subsidiaries, is engaged in providing a range of Financial Services right from Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and also Investment banking services.

The Investment Trust Share Price

106.00 0.82 (0.78%)
17-Apr-2026 16:59 View Price Chart
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