Alankit planning to acquire stake in Alankit Insurance Brokers

25 Jul 2019

Alankit is planning to acquire 10 lakh equity shares at face value of Rs 10 each of Alankit Insurance Brokers, representing Rs 1 crore and constituting 100% of paid-up share capital of Alankit Insurance Brokers subject to the approval of IRDA.

Consequently, Alankit Insurance Brokers will become a wholly owned subsidiary of Alankit on receipt of approval of IRDA.

Alankit, a market leader and eminent name in the industry today, is a more than two-decade-old conglomerate, having diversified operations in the vital segments like e-Governance, Financial Services, Healthcare and Insurance Broking.

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