MoneyWorks4Me

Inditrade Capital gets nod for slump sale of equity broking business

18 May 2018 Evaluate

Inditrade Capital has received an approval for slump sale of Equity Broking Business of the company to Choice Equity Broking for consideration of an amount of Rs 32 crore subject to Statutory and Regulatory Approvals. The Board of Directors of the company at their meeting held on May 18, 2018, approved the same and has also decided to recommend the business to the members for their approval. 

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 1759.85
TVS Holdings 12444.75
Cholamandalam Fin. 1395.55
Altius Telecom Infra 175.00
Kama Holdings 2205.00
View more..