Share India Securities has further acquired 1,82,725 equity shares of Rs 10 each aggregating to Rs 18,27,250 under Rights Issue of Silverleaf Securities Research, subsidiary of the Company.
The Company has strategically subscribed to a significant portion of its entitlement under Rights Issue, balancing its resource allocation across its broader business operations, ensuring optimal utilization of funds. This has resulted in a slight dilution of the Company’s shareholding in Silverleaf Securities Research from 78.52% to 73.09% of the paid-up share capital of the Subsidiary.
The proposed investment will provide Silverleaf with additional capital, enabling it to strengthen its financial position and support its business growth and operations. This is a strategic move to ensure that Silverleaf has sufficient funds for its continued development, thereby benefiting the overall group. The investment aligns with the Company’s long-term strategic objectives of supporting its subsidiaries and ensuring their growth.
Share India Securities is currently engaged in the business of equity broking, investing and trading activities.
