IIFL Securities zooms on executing binding term sheet with Rajen Chandrakant Securities
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IIFL Securities is currently trading at Rs. 90.35, up by 2.45 points or 2.79% from its previous closing of Rs. 87.90 on the BSE.
The scrip opened at Rs. 92.90 and has touched a high and low of Rs. 93.85 and Rs. 89.40 respectively. So far 23713 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 128.55 on 22-Jul-2021 and a 52 week low of Rs. 41.95 on 23-Feb-2021.
Last one week high and low of the scrip stood at Rs. 93.85 and Rs. 83.00 respectively. The current market cap of the company is Rs. 2754.84 crore.
The promoters holding in the company stood at 31.38%, while Institutions and Non-Institutions held 19.80% and 48.82% respectively.
IIFL Securities has executed a binding term sheet on December 06, 2021 with Rajen Chandrakant Securities (RCSPL) and its existing shareholders for the acquisition of 100% stake in Rajen Chandrakant Securities, subject to requisite regulatory approvals.
IIFL Securities operates as an investment management company. The Company offers insurance, loans, mutual funds, property solutions, and wealth management services.
