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28-Feb2019

Vertex Securities acquires stake in subsidiary

Vertex Securities (VSL) has purchased 7 equity shares of Rs 10 each (representing 0.0002% of the total equity capital) of the subsidiary company, Vertex Commodities and Finpro thereby making it a wholly owned subsidiary of the Company, with effect from February 26, 2019. These 7 equity shares shall be jointly held by the Company and its 7 nominees each on behalf of VSL, to comply with the legal requirement of minimum number of members.

Vertex Securities carries the business of Investment Company. The company is at present engaged in the business of Investment Banking. The Company has been investing in shares of well established companies which have good prospects of dividends and market appreciation.


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