Almondz Global Securities has received an approval for making an investment up to Rs 8 crore in Autoclaved Aerated Concrete (AAC) Blocks production project with 1000 CBM per day capacity by purchasing 33.33% shares of the proposed company to be engaged in the production of AAC Blocks. The board of directors at its meeting held on May 27, 2013 has approved for the same.
The board also approved disinvestment in wholly owned and non active subsidiary namely Almondz Retail Equity by transferring its entire holding of 50,000 shares of the company of Rs 10 each, at the book value.
Almondz Global Securities is one of the leading Investment Banks in India. Its main business lines are: Corporate Finance, Distribution of Financial Products, Private Clients, Portfolio Management Services, and Equity Broking.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 815.95 |
| Angel One | 323.35 |
| IIFL Capital Service | 313.40 |
| Nuvama Wealth | 1403.20 |
| Share India Sec. | 147.05 |
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