Share India Securities has received approval for an additional investment of around Rs 27.99 crore in Share India Capital Services (SICSPL), a wholly owned subsidiary of the company. The investment shall be made by way of subscription to 81,63,265 equity shares of Rs 10 each at a premium of Rs 24.30 per share, aggregating to Rs 34.30 per share, offered by SICSPL on a rights basis.
The proposed investment will infuse additional capital into SICSPL, enhancing its financial strength and supporting its business expansion and operations. This strategic initiative is aimed at ensuring SICSPL has adequate funding for its ongoing development, ultimately contributing to the growth of the overall group. The investment is in line with the company’s long-term strategy of nurturing its subsidiaries and driving their sustained growth.
The Finance Committee of the Board of Directors of the company, at its meeting held on September 22, 2025, has approved the same.
Share India Securities is engaged in the business of equity broking, investing and trading activities.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 786.50 |
| Angel One | 300.50 |
| IIFL Capital Service | 300.75 |
| Nuvama Wealth | 1369.25 |
| Share India Sec. | 149.55 |
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