Arihant Capital Markets inches up on looking to sell entire investment in subsidiary
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Arihant Capital Markets is currently trading at Rs. 43.76, up by 0.02 points or 0.05% from its previous closing of Rs. 43.74 on the BSE.
The scrip opened at Rs. 44.30 and has touched a high and low of Rs. 44.41 and Rs. 43.54 respectively.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.00 on 12-Apr-2022 and a 52 week low of Rs. 39.80 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 44.90 and Rs. 40.55 respectively. The current market cap of the company is Rs. 458.10 crore.
The promoters holding in the company stood at 74.12%, while Institutions and Non-Institutions held 0.38% and 25.50% respectively.
Arihant Capital Markets is looking to further sell or transfer or otherwise dispose of the company’s entire investment in the wholly owned subsidiary i.e. Arihant Insurance Broking Services in near future subject to approval of Shareholders, Insurance Regulatory and Development Authority of India (IRDAI) and other Statutory Authorities (if any). The expected date of completion of sale/ disposal is on or before December 2023.
Arihant Capital Markets is one of the leading financial services companies in India.
