Almondz Global Securities Ltd approves investment

The Board of Directors of Almondz Global Securities Ltd at its held today, i.e. 18th December, 2023 have approved the Additional Investment amounting upto Rupees Twelve Crore Six Hundred Six By Way of Subscribing Equity Shares Issued By Almondz Global Infra Consultants Limited (Wholly Owned Subsidiary Company).

The board approved the redemption of 1200000 preference shares of face value of rupees 100 each at a value of rupees 100 each.

The board also approved to drop the proposal transfer of Stock Broking and Depository Participant undertaking as a going concern on a 'slump sale basis' to the wholly owned subsidiary company namely, Almondz Financial Services Limited.

Shares of Almondz Global Securities Limited was last trading in BSE at Rs. 86.92 as compared to the previous close of Rs. 86.13. The total number of shares traded during the day was 2741 in over 45 trades.

The stock hit an intraday high of Rs. 87.95 and intraday low of 85.74. The net turnover during the day was Rs. 238338.00.

Source : Equity Bulls

Keywords

AlmondzGlobalSecurities INE326B01027 Investment AlmondzGlobalInfraConsultants Redemption PreferenceShares