LKP Securities gains on planning to acquire stake in LKP IFSC
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LKP Securities is currently trading at Rs. 24.37, up by 0.08 points or 0.33% from its previous closing of Rs. 24.29 on the BSE.
The scrip opened at Rs. 24.30 and has touched a high and low of Rs. 24.69 and Rs. 23.10 respectively. So far 73735 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 28.50 on 06-May-2024 and a 52 week low of Rs. 12.11 on 03-Oct-2023.
Last one week high and low of the scrip stood at Rs. 24.75 and Rs. 22.07 respectively. The current market cap of the company is Rs. 196.29 crore.
The promoters holding in the company stood at 71.60%, while Institutions and Non-Institutions held 3.95% and 24.45% respectively.
LKP Securities has planned to acquire 5,00,000 equity shares of Rs 10 each at par aggregating to Rs 50 lakh by way of subscribing to the rights issue of LKP IFSC, the wholly owned subsidiary of the company. LKP IFSC proposes to engage in the business of broking as well Alternative Investment Fund at the gift city. The said acquisition is expected to be completed on or before October 11, 2024.
LKP Securities is into the business of Share Broking. LKP offers a wide spectrum of services that includes Equity Broking in Cash and Derivatives, Internet based trading, Demat services & Research services.
