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Prime Securities Ltd.

BSE: 500337 Sector: Financials
NSE: PRIMESECU ISIN Code: INE032B01021
BSE 15:41 | 30 Sep 44.40 -1.55
(-3.37%)
OPEN

44.25

HIGH

44.85

LOW

44.25

NSE 15:34 | 30 Sep 44.50 -0.95
(-2.09%)
OPEN

45.45

HIGH

45.45

LOW

44.20

OPEN 44.25
PREVIOUS CLOSE 45.95
VOLUME 2940
52-Week high 53.20
52-Week low 24.40
P/E
Mkt Cap.(Rs cr) 118
Buy Price 44.35
Buy Qty 150.00
Sell Price 45.20
Sell Qty 3.00
OPEN 44.25
CLOSE 45.95
VOLUME 2940
52-Week high 53.20
52-Week low 24.40
P/E
Mkt Cap.(Rs cr) 118
Buy Price 44.35
Buy Qty 150.00
Sell Price 45.20
Sell Qty 3.00

Prime Securities Ltd. (PRIMESECU) - Company History

Incorporated as Suvibha Investment Company Pvt Ltd on 20 Mar.'82, the company went public in Jul.'84 and its name was changed to Prime Securities (PSL) on 29 Nov.'90. The company became a wholly-owned subsidiary of The Great Eastern Shipping Company in 1984. It ceased to be a subsidiary of the same in Mar.'92. PSL mainly deals in financial instruments such as shares, stocks, bonds, units, securities, etc, and also provides merchant banking advisory services, issue management services and other fund-based investments. It is also involved in corporate leasing for tax planning. In Jul.'94, PSL came out with a public issue to finance its Rs 79.31 cr fund requirement for increasing capital market investments, leased assets, working capital and for purchase of fixed assets and investment in its subsidiaries. The company has signed a MoU to form an investment advisory company, Prime Research and Advisory, with Rothschild Asset Management Asia Pacific, a part of the international Rothschild group. This newly-formed company will provide advice on how to manage overseas funds for investment in India. Two independent shareholders in this joint venture are the Maharaja of Jodhpur and Sat Pal Khattar, a Singapore-based businessman. During the year 1995-96 PSL allotted 22,87,500 new Equity Shares at a premium of Rs 30 per share and 66,00,000 Equity Warrants entitling the holders to acquire a Share per Equity Warrant at a price of Rs 40 per share.