Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Inditrade Capital touches the roof on getting nod to acquire additional stake in JRG Fincorp

21-May2018

Inditrade Capital touches the roof on getting nod to acquire additional stake in JRG Fincorp

Inditrade Capital is currently trading at its upper circuit limit of Rs. 66.15, up by 3.15 points or 5.00% from its previous closing of Rs. 63.00 on the BSE.

The scrip opened at Rs. 66.15 and has touched a high and low of Rs. 66.15 and Rs. 66.15 respectively. So far 709 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. 66.15 and Rs. 57.00 respectively. The current market cap of the company is Rs. 154.48 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 approval for acquisition of additional equity shares in its material subsidiary -- JRG Fincorp, of up to 10% of paid up capital, for an amount not exceeding Rs 24 crore within a period of next 12 months. The meeting of the Board of Directors of the company held on May 18, 2018, has approved the same.

The board has also approved investment in its wholly owned subsidiary -- Inditrade Housing Finance, by way of subscription to the equity shares of the company for an amount of up to Rs 11 crore.

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

SpiceJet flies high on the bourses

Spicejet is currently trading at Rs. 77.25, up by 0.65 points or 0.85% from its previous closing of Rs. 76.60 on the BSE.The scrip opened at Rs. 76.90 and has touched a high and low of Rs. 78.00 and Rs.......

Linde India gains on reporting 62% rise in Q4 net profit

Linde India is currently trading at Rs. 436.00, up by 3.05 points or 0.70% from its previous closing of Rs. 432.95 on the BSE.The scrip opened at Rs. 440.00 and has touched a high and low of Rs. 443.75......

Tata Motors surges on the bourses

Tata Motors is currently trading at Rs. 165.30, up by 1.80 points or 1.10% from its previous closing of Rs. 163.50 on the BSE.The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 166.50......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......