You are here: Home » News-CM » Companies » News
Business Standard

Board of Inditrade Capital approves investment in subsidiaries

Capital Market 

At held on 18 May 2018

The Board of at its held on 18 May 2018 has approved the following:

1. In Principle approval for the proposed acquisition of additional equity shares in its material subsidiary-JRG Fincorp, of upto 10% of paid up capital, for an amount not exceeding Rs.24 crore within a period of next 12 months, subject to statutory and regulatory approvals, as may be required.

2. Investment in its wholly owned subsidiary, Inditrade Housing Finance, by way of subscription to the equity shares of the Company for an amount of upto Rs.11 crores.

3. Holding of the 24th on 3 August, 2018 at Kochi.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 19:54 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU