Monarch Networth Capital moves up on getting nod for investment in wholly owned subsidiary
Monarch Networth Capital is currently trading at Rs. 300.20, up by 1.75 points or 0.59% from its previous closing of Rs. 298.45 on the BSE.
The scrip opened at Rs. 292.90 and has touched a high and low of Rs. 300.25 and Rs. 292.90 respectively. So far 7 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 484.00 on 20-Jan-2025 and a 52 week low of Rs. 280.30 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 309.00 and Rs. 292.25 respectively. The current market cap of the company is Rs. 2380.03 crore.
The promoters holding in the company stood at 52.86%, while Institutions and Non-Institutions held 2.04% and 45.11% respectively.
Monarch Networth Capital has received approval for investment in the equity shares of Monarch Networth Asset Management, the wholly owned subsidiary (WOS) of the Company, up to an amount not exceeding Rs 59 crore by way of subscription to rights issue up to 1,00,00,000 equity shares of Rs 10 each, at an issue price of Rs 59 per equity share (including a premium of Rs 49 per share). The Management Committee of the Board of Directors of the company at their Meeting held on January 12, 2026, has, inter alia, approved the same.
Monarch Networth Capital is engaged in providing services in capital market and depository participant activities in India.
