Inditrade Capital touches the roof on getting nod to acquire additional stake in JRG Fincorp

21 May 2018

Inditrade Capital is currently trading at its upper circuit limit of Rs. 66.15, up by 3.15 points or 5.00% from its previous closing of Rs. 63.00 on the BSE.

The scrip opened at Rs. 66.15 and has touched a high and low of Rs. 66.15 and Rs. 66.15 respectively. So far 709 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.50 on 19-Sep-2017 and a 52 week low of Rs. 35.45 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 66.15 and Rs. 57.00 respectively. The current market cap of the company is Rs. 154.48 crore.

The promoters holding in the company stood at 71.77%, while institutions and non-institutions held 0.19% and 28.05% respectively.

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.

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Puchho Befikar
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