In furtherance to previous announcement dated May 20, 2023 and pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), Share India Securities has informed that the Board of Directors of Share India Insurance Brokers, erstwhile Wholly Owned Subsidiary of the Company, at its Board Meeting held today, on December 02, 2023, has considered and approved the allotment of 3,09,000 Equity Shares of face value of Rs 10 each at a price of Rs 11.89 per share (including premium of Rs 1.89 per share) amounting to Rs 36,74,010 on a preferential basis. Post the aforesaid Allotment, the shareholding of the Company in Share India Insurance Brokers has been reduced to 94.35% and consequently, Share India Insurance Brokers has ceased to be a Wholly-Owned Subsidiary of the Company with effect from December 02, 2023 but will continue as Subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
ICICI Securities | 709.40 |
Angel One | 2509.00 |
Motilal Oswal Fin | 2268.60 |
Share India Sec. | 1543.95 |
SMC Global Sec. | 158.50 |
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