Alankit Ltd's subsidiary receives RBI license for Full Fledged Money Changer

The Foreign Exchange Department of Reserve Bank of India("RBI") has granted Money Transfer Service Scheme (MTSS) License to one of Alankit Ltd's Subsidiary Alankit Forex India Limited, Full Fledged Money Changer (FFMC) as Indian Agent to undertake Inward cross-border money Transfer Service activities in India in association with Overseas Principal M/s Western Union Financial Services Inc., Colorado, USA.

Shares of Alankit Ltd was last trading in BSE at Rs.15.6 as compared to the previous close of Rs. 14.69. The total number of shares traded during the day was 10597 in over 76 trades.

The stock hit an intraday high of Rs. 15.65 and intraday low of 14.69. The net turnover during the day was Rs. 161058.

Source : Equity Bulls

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