Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Inditrade Capital touches roof on receiving nod for slump sale of equity broking business

18-May2018

Inditrade Capital touches roof on receiving nod for slump sale of equity broking business

Inditrade Capital is locked at upper circuit of Rs. 63.00, up by 3.00 points or 5.00% from its previous closing of Rs. 60.00 on the BSE.

The scrip opened at Rs. 62.90 and has touched a high and low of Rs. 63.00 and Rs. 57.00 respectively. So far 19,264 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.50 on 19-Sep-2017 and a 52 week low of Rs. 35.45 on 24-May-2017.

Last one week high and low of the scrip stood at Rs. 64.90 and Rs. 57.00 respectively. The current market cap of the company is Rs. 147.12 crore.

The promoters holding in the company stood at 71.77%, while Institutions and Non-Institutions held 0.19% and 28.05% respectively.

Inditrade Capital has received an approval for slump sale of Equity Broking Business of the company to Choice Equity Broking for consideration of an amount of Rs 32 crore subject to Statutory and Regulatory Approvals. The Board of Directors of the company at their meeting held on May 18, 2018, approved the same and has also decided to recommend the business to the members for their approval.

Incorporated in 1994, Inditrade Capital (formerly known as JRG Securities) is engaged in equity and commodity broking businesses, with strong presence in South India.



Related News

View all news

HDFC trades higher on the bourses

Housing Development Finance Corporation is currently trading at Rs. 1921.45, up by 1.40 points or 0.07% from its previous closing of Rs. 1920.05 on the BSE.The scrip opened at Rs. 1919.70 and has touched......

GAIL rises on planning to invest in start-ups, solar power plants, battery charging stations

GAIL (India) is currently trading at Rs. 382.70, up by 3.60 points or 0.95% from its previous closing of Rs. 379.10 on the BSE.The scrip opened at Rs. 378.25 and has touched a high and low of Rs. 386.85......

InterGlobe Aviation rises on reporting passenger load factor of 88.7% in July

Interglobe Aviation is currently trading at Rs. 1088.45, up by 2.70 points or 0.25% from its previous closing of Rs. 1085.75 on the BSE.The scrip opened at Rs. 1075.00 and has touched a high and low of......

Top News

View all news

Uday Jewellery commences manufacturing activities at Hyderabad unit

Uday Jewellery Industries has commenced the manufacturing activities in premises situated at Hyderabad taken on lease for enhancement of its manufacturing capabilities for manufacture of specialty jewellery......

Strides Shasun's arm receives acceptance from USFDA for two key ANDAs

Strides Shasun's step-down wholly owned subsidiary, Strides Pharma Global, Singapore has received Abbreviated New Drug Application (ANDA) “acceptable for filing” correspondence from the United States Food......

IDBI Bank sells 3.90% stake in NSDL

IDBI Bank has sold 15,60,000 equity shares constituting 3.90% of the paid up capital of National Securities Depository (NSDL) on August 21, 2018.IDBI Bank is the youngest, new generation public sector......