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Inditrade Capital to acquire majority stake in Varam Capital

28 Nov 2017 Evaluate

Inditrade Capital has received an approval to enter into a Non Binding Letter of Intent for acquisition of majority shareholding in Varam Capital, an NBFC - MFI. The board of directors of the company at its meeting held on November 27, 2017 has 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.


Peers
Company Name CMP
Bajaj Finserv 1731.20
TVS Holdings 11594.10
Cholamandalam Fin. 1377.45
Altius Telecom Infra 172.50
Kama Holdings 2235.75
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