Acquisitions31 March 2026 at 05:44 am
Almondz Global Securities Ltd Transfers 20.63% Shares of Subsidiary to Almondz Finanz Limited
AI Summary
Almondz Global Securities Limited has transferred/sold 32,85,000 shares equivalent to 20.63% total share capital of its subsidiary company, Almondz Global Infra- Consultant Limited (AGICL) to Almondz Finanz Limited. This transaction has reduced the Company’s shareholding in AGICL to 53.08% of the total paid-up share capital. The income and net worth of AGICL for the last financial year were 11,486.96 Lacs and 3658.62 Lacs respectively. The transaction was conducted at arm’s length basis with Almondz Finanz Limited, a group company of Almondz Global Securities Ltd.
Key Highlights
- Almondz Global Securities Ltd has transferred 20.63% shares of its subsidiary, Almondz Global Infra- Consultant Limited (AGICL) to Almondz Finanz Limited.
- The transaction has reduced the Company’s shareholding in AGICL to 53.08% of the total paid-up share capital.
- The income and net worth of AGICL for the last financial year were 11,486.96 Lacs and 3658.62 Lacs respectively.
- The transaction was conducted at arm’s length basis with Almondz Finanz Limited, a group company of Almondz Global Securities Ltd.