Investment13 May 2025, 05:08 pm
Systematix Corporate Services Invests Rs. 24 Crore in Wholly Owned Subsidiary Systematix Shares and Stocks (India) Limited
AI Summary
Systematix Corporate Services Ltd has invested in its wholly owned subsidiary, Systematix Shares and Stocks (India) Limited, through a rights issue. The company has subscribed to 14,81,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 168.80/- per Equity Share, amounting to Rs. 24,99,92,800/-. This investment will help SSSIL meet its working capital requirements. SSSIL is a SEBI registered Intermediary primarily engaged into broking business and other related activities. The turnover of SSSIL for the financial year ended 31st March, 2024 is Rs. 7,923.80 lakhs.
Key Highlights
- Systematix Corporate Services Ltd invests Rs. 24,99,92,800/- in its wholly owned subsidiary Systematix Shares and Stocks (India) Limited.
- The investment is made through a rights issue, subscribing to 14,81,000 equity shares at an issue price of Rs. 168.80/- per share.
- SSSIL is a SEBI registered Intermediary primarily engaged into broking business and other related activities.
- The investment will help SSSIL meet its working capital requirements.
- SSSIL's turnover for the financial year ended 31st March, 2024 is Rs. 7,923.80 lakhs.