Transwarranty Finance has acquired 50,000 equity shares of Rs 2 each of Transwarranty Capital Market Services (TCMSPL) (49,999 shares in the name of the company and 1 share in the name of the nominee of the company) making it a wholly owned subsidiary of the company. The company had received its board’s approval at its meeting held on July 21, 2016 to acquire 100% stake in Transwarranty Capital Market Services.
Transwarranty Finance is a Mumbai-headquartered full service Investment bank providing a wide range of financial services to over 400 large and mid cap companies and thousands of retail clients all over India since 1994.