Share India Approves Rs 1000 Crore Rights Issue Share India Securities Ltd (NSE: SHAREINDIA) has announced the approval of its rights issue terms. Eligible shareholders can subscribe to the issue of face value Rs 10 each, along with Rights Securities for an amount not exceeding Rs 100,000 Lakhs. This move will enable the tech-based financial conglomerate to raise funds for its expansion plans.
Share India Sets Rights Entitlement Ratio As part of its corporate action, Share India Securities Ltd has fixed the Rights Entitlement Ratio at 1 Rights Equity Share with 17 Detachable Warrants per Rights Equity Share for every 50 fully paid-up Equity Shares held by shareholders. This special price offering allows existing shareholders to increase their stakes in the company.
Share India Securities Ltd Rights Issue Price Fixed at Rs 700 Share India Securities Ltd has announced the issue price per Rights Equity Share at Rs 700 per Equity Share of face value Rs 10 each, including a premium of Rs 690 per Equity Share. The issue price is expected to provide an attractive investment opportunity for shareholders to invest in the company.
Share India Securities Ltd Fixes Record Date for Rights Issue The record date for the Share India Securities Ltd Rights Issue has been set for February 28. This means that shareholders holding equity shares as of this date will be eligible to participate in the rights issue.
Share India Securities Ltd Announces Rights Issue Opening and Closing Dates
Rights Issue will open on March 9 and close on March 17. This gives shareholders a limited time frame to subscribe to the issue and increase their stakes in the company.
Share India Securities Ltd Expands Into NBFC and Insurance Broking Share India Securities Ltd has been recently added to the MSCI India Domestic Small Cap Index. The company has also expanded its services into non-banking financial company (NBFC) and insurance broking sectors. With 10 branches already in operation, SISL’s NBFC arm has plans to expand further. Share India also offers mutual fund distribution and merchant banking services, providing a comprehensive suite of financial solutions for its customers.
About Share India:
Share India Securities Ltd is a financial service provider that uses technology to offer customized capital market tech-based solutions to clients. It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, etc to retail and corporate clients.
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