Arihant Capital Markets gets nod to divest 100% stake in Arihant Insurance Broking Services

Arihant Capital Markets Ltd. | Finance - Stock Broking | BFSI | BSE: 511605 | NSE: ARIHANTCAP

21 Jun 2024 Evaluate

Arihant Capital Markets has received approval for divestment of 100% Equity stake/investment held in its wholly owned subsidiary company viz., Arihant Insurance Broking Services subject to the approval of IRDAI. The total consideration to be received from such disposal is $400,000 and value for any cash available with the business. The Board of Directors of the Company in their meeting held on June 21, 2024, inter-alia, approved the same.

Arihant Capital Markets is one of the leading financial services companies in India.

Peers

Company Name	CMP
Motilal Oswal Fin	1018.00
Angel One	291.10
Nuvama Wealth Mgmnt.	1696.55
IIFL Capital Service	347.80
Multi Commodity Exch	3426.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.