Share India Securities moves up on getting nod for additional investment of Rs 49.99 crore in Share India Fincap
Share India Securities is currently trading at Rs. 175.65, up by 0.40 points or 0.23% from its previous closing of Rs. 175.25 on the BSE.
The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 177.65 and Rs. 175.65 respectively. So far 2528 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 344.40 on 25-Sep-2024 and a 52 week low of Rs. 135.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 183.00 and Rs. 174.70 respectively. The current market cap of the company is Rs. 3873.21 crore.
The promoters holding in the company stood at 48.67%, while Institutions and Non-Institutions held 2.32% and 49.01% respectively.
Share India Securities has received approval for additional investment of around Rs 49.99 crore in Share India Fincap (SIFPL), a wholly owned subsidiary of the company. The investment shall be made by way of subscription to 12,25,490 equity shares of Rs 10 each at a premium of Rs 398 per share, aggregating to Rs 408 per share, offered by SIFPL on a rights basis.
The proposed investment will infuse additional capital into SIFPL, enhancing its financial strength and supporting its business expansion and operations. This strategic initiative is aimed at ensuring SIFPL has adequate funding for its ongoing development, ultimately contributing to the growth of the overall group. The investment is in line with the company’s long-term strategy of nurturing its subsidiaries and driving their sustained growth.
The Finance Committee of the Board of Directors of the company, at its meeting held on July 21, 2025, has approved the same.
Share India Securities is currently engaged in the business of equity broking, investing and trading activities.
