Ecap Equities Limited has sold its stake in Lichen Metals Pvt Ltd

Ecap Equities Limited, a wholly owned subsidiary of Edelweiss Financial Services Limited has on March 31, 2021 vide agreement of even date sold its 100% stake in its subsidiary Lichen Metals Private Limited (LMPL) for a consideration of Rs. 0.22 crores. During the financial year ended March 31, 2020, LMPL contributed Rs. 2.45 crores to the consolidated turnover (reflecting 0.03% of the total consolidated revenue) and Rs. 26.77 crores of the consolidated net worth (reflecting 0.37% of the consolidated net worth). The transaction has been closed.

The said transaction is not with the Promoter or Promoter Group or Group Companies and not a Related Party Transaction. No regulatory approvals are required for this transaction.

Shares of Edelweiss Financial Services Ltd. was last trading in BSE at Rs.66.65 as compared to the previous close of Rs. 63.5. The total number of shares traded during the day was 1633867 in over 3100 trades.

The stock hit an intraday high of Rs. 66.65 and intraday low of 63. The net turnover during the day was Rs. 108571415.

Source : Equity Bulls

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