Inditrade Capital’s subsidiary, NBFC - JRG Fincorp has received an approval to raise Tier II Capital in the form of subordinated debt of Rs 38 crore having a tenure of seven years from Capital First. The board of director of the company’s subsidiary at its meeting held on November 9, 2017 approved for the same.
Incorporated in 1994, Inditrade Capital (formerly known as JRG Securities) is engaged in equity and commodity broking businesses, with strong presence in South India.