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IIFL discount broking arm 5Paisa lists

The stock closed at Rs 380 on the NSE and Rs 618 on the BSE

BS Reporter 

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Discount broking firm listed on Thursday following its demerger from parent Shares of the company got locked in five per cent lower circuit both on the BSE and the (NSE). 

The stock closed at Rs 380 on the NSE and Rs 618 on the BSE, the huge price differential was on account separate price pre-open discovery systems used by both exchanges and imposition of narrow circuit filters. One share of 5Paisa were issued for 25 shares of

The parent company has infused Rs 100 crore as fresh capital in the demerged entity.


First Published: Thu, November 16 2017. 23:31 IST
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