5paisa Capital surges on incorporating wholly owned subsidiary company
5Paisa Capital is currently trading at Rs. 288.20, up by 1.75 points or 0.61% from its previous closing of Rs. 286.45 on the BSE.
The scrip opened at Rs. 283.75 and has touched a high and low of Rs. 288.25 and Rs. 282.15 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 577.40 on 15-Jul-2021 and a 52 week low of Rs. 282.15 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 313.00 and Rs. 282.15 respectively. The current market cap of the company is Rs. 841.52 crore.
The promoters holding in the company stood at 29.95%, while Institutions and Non-Institutions held 24.86% and 45.19% respectively.
5paisa Capital has incorporated wholly owned subsidiary company namely ‘5paisa International Securities (IFSC). The Ministry of Corporate Affairs, Government of India has issued the Certificate of Incorporation on June 15, 2022. 5paisa International Securities is incorporated to carry on the business as IFSC (International Financial Service Centre) unit in accordance with the Securities Exchange Board of India (IFSC) Guidelines, 2015 to act as intermediary as per such guidelines in IFSC, Investment Consultants, Stock Brokers, Trading cum clearing member, underwriters, and to invest, sell, purchase, exchange, surrender, extinguish, relinquish, subscribe, acquire, undertake, underwrite, hold, auction, convert etc. The company is holding 100% capital of 5paisa International Securities.
5paisa Capital is the fastest growing full-service discount brokerage company in the fintech space.