RattanIndia Enterprises zooms as its arm gets in-principle clearance to act as Direct Insurance Broker
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RattanIndia Enterprises is currently trading at Rs. 48.25, up by 1.10 points or 2.33% from its previous closing of Rs. 47.15 on the BSE.
The scrip opened at Rs. 47.80 and has touched a high and low of Rs. 49.00 and Rs. 47.25 respectively. So far 299101 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.85 on 12-Jan-2022 and a 52 week low of Rs. 30.50 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 49.00 and Rs. 45.85 respectively. The current market cap of the company is Rs. 6655.63 crore.
The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 9.43% and 15.76% respectively.
RattanIndia Enterprises’ wholly owned subsidiary -- Neotec Insurance Brokers has received “in-principle clearance” for Certificate of Registration to act as a Direct Insurance Broker (Life & General) from the Insurance Regulatory and Development Authority of India (IRDAI). In-principle clearance is without limitation as to period of validity. However, Neotec is required to comply the requirements as stipulated while granting ‘in-principle clearance’ by IRDAI.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.
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