Subsidiary28 Sept 2026, 09:32 pm
Arix Energix dilutes stake in Jineshvar Securities to 52.62%
AI Summary
Arix Energix Limited (formerly Jupiter Infomedia Limited) announced that its wholly-owned subsidiary, M/s. Jineshvar Securities Private Limited, has received approval from the Reserve Bank of India for the allotment of 1,125,000 fresh equity shares of ₹10 each to Mr. Anshuk Laxkar. This share allotment will result in a dilution of Arix Energix Limited's existing 99.98% stake in Jineshvar Securities Private Limited to 52.62%. Consequently, Jineshvar Securities Private Limited will cease to be a wholly-owned subsidiary of Arix Energix Limited.
Key Highlights
- Arix Energix diluted its stake in subsidiary Jineshvar Securities.
- Stake reduced from 99.98% to 52.62% post share allotment.
- Jineshvar Securities will no longer be a wholly-owned subsidiary.
- RBI approved allotment of 1,125,000 shares to Mr. Anshuk Laxkar.
Price Impact
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