MoneyWorks4Me

Inditrade Capital hikes stake in Inditrade Microfinance to 84.67%

29 Mar 2019 Evaluate

Inditrade Capital’s subsidiary -- Inditrade Microfinance has allotted of 1,35,00,000 equity shares at a face value of Rs 10 each, to the Company on March 28, 2019, on conversion of the 14% Unsecured Compulsorily Convertible Debentures (CCD) of Rs 10 each. Consequently, the Company now holds around 84.67% of the paid up equity share capital of Inditrade Microfinance.

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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