Inditrade Capital has received approval for acquisition of additional equity shares in its material subsidiary -- JRG Fincorp, of up to 10% of paid up capital, for an amount not exceeding Rs 24 crore within a period of next 12 months. The meeting of the Board of Directors of the company held on May 18, 2018, has approved the same.
The board has also approved investment in its wholly owned subsidiary -- Inditrade Housing Finance, by way of subscription to the equity shares of the company for an amount of up to Rs 11 crore.
Inditrade Capital (formerly known as JRG Securities) is engaged in equity and commodity broking businesses, with strong presence in South India.
