Stock Report

Arihant Capital Markets Ltd to divest SPA Electrum Portfolio Managers Ltd



Posted On : 2021-12-04 18:35:56( TIMEZONE : IST )

Arihant Capital Markets Ltd to divest SPA Electrum Portfolio Managers Ltd

A tripartite share purchase agreement has been executed by and between Electrum Portfolio Managers Limited (Formerly Known as Arihant Asset Management Limited) Arihant Capital Markets Limited and Electrum Capital Private Limited (the acquirer) to sell and transfer the entire equity stake held by the wholly-owned subsidiary referred as Electrum Portfolio Managers Limited (Formerly Known as Arihant Asset Management Limited) to Electrum Capital Private Limited and after transfer of entire stake and completion of the formalities comprised under the SPA Electrum Portfolio Managers Limited (Formerly Known as Arihant Asset Management Limited) would cease to be subsidiary of the Company.

Shares of ARIHANT CAPITAL MARKETS LTD. was last trading in BSE at Rs. 149.00 as compared to the previous close of Rs. 142.00. The total number of shares traded during the day was 7594 in over 230 trades.

The stock hit an intraday high of Rs. 151.00 and intraday low of 140.75. The net turnover during the day was Rs. 1125800.00.

Source : Equity Bulls

Keywords

ARIHANTCAPITALMARKETSLTD INE420B01028 StakeSale ElectrumPortfolioManagers