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Share India Securities gets nod to acquire stake in WOS company

23 Mar 2020 Evaluate

Share India Securities (SISL) has received approval from Board of Directors to acquire 13,40,483 equity shares of wholly owned Subsidiary company (WOS) -- Share India Fincap at a price of Rs 37.30 each including premium of Rs 27.30 per equity share, by way of right issue. The object of the investment is to provide additional funds to the WOS.

Share India Securities is currently engaged in the business of equity broking, investing and trading activities.

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