Corporate News     02-Dec-23
Share India Securities' stake in Share India Insurance Broker (subsidiary) reduces
Share India Securities announced that its shareholding in Share India Insurance Broker has reduced to 94.35% and consequently Share India Insurance Brokers has ceased to be a wholly owned subsidiary of the company with effect from 02 December 2023 but will continue as subsidiary of the company.

This follows the board approval of Share India Insurance Brokers for allotment of 3,09,000 equity shares of Rs 10 each at issue price of Rs 11.89 per share amounting to Rs 36.74 lakh on preferential basis.

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