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Investment Trust of India gets nod to divest entire stake in IRC Credit Management Services

12 Nov 2022 Evaluate

The Investment Trust of India’s (ITI) board has approved the proposal for sale of entire equity shares i.e. 10,000 equity shares of Rs 10 each held by the ITI in IRC Credit Management Services (Wholly Owned Subsidiary/not a material subsidiary). Further, post aforementioned transfer, IRC Credit Management Services would be ceased to be the wholly owned subsidiary of ITI. The proposed consideration to be received is Rs 1 lakh. The Board of Directors of the company at the meeting held on November 11, 2022, has approved the same.

The Investment Trust of India is one of the largest Financial Services conglomerate offering a range of products and services from Lending, Equities and Derivatives trading, Equity Research, Commodities Trading, Portfolio Management Services, Distribution of Mutual Funds, IPO & Insurance products and Investment Banking Services.

The Investment Trust Share Price

123.35 1.00 (0.82%)
08-May-2026 16:59 View Price Chart
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