Alka Securities informs about outcome of board meeting

Alka Securities has informed that the Board of Directors of the Company at its meeting held on February 12, 2016, has considered and accepted investment in Alka Commodities of 55% of the share capital and subsequent addition of it as a subsidary Company. The investment will be at a Book Value of Rs 32 per share for 72,500, making the total consideration of Rs 2,320,217, and approved investment in Skylark Mercantile of 55% of the share capital and subsequent addition of it as a subsidary company. The Company will accquire 1,000 more shares at Rs 10 per shares, making the total consideration Rs 10,000.

The above information is a part of company’s filings submitted to BSE.