Share India Securities announces Merger with Silverleaf Capital Services

Share India Securities Limited ("Company"), a technology driven financial services provider that offers a wide range of customized solutions in the capital market, has announced merger with Silverleaf Capital Services Pvt Ltd, a technology company that operates in the financial services space and high-frequency trading. The merger, conducted on a going-concern basis, marks a significant milestone in the strategic growth journey of both entities.

Under the terms of the merger scheme, the Company will issue 100 fully paid Equity Shares of ₹10 each to the equity shareholders of Silverleaf Capital Services for every 1 equity share of ₹10 each held. This strategic move aligns with the shared vision of both entities to foster innovation, leverage cutting-edge technology with economies of scale, diversify product portfolios to drive growth and create value for shareholders.

Silverleaf Capital Services is a technology company that combines mathematical modeling with in-house low-latency software and hardware integration trading capabilities. Through offerings such as Low Latency Statistical Arbitrage, Market Making, and support for Research Projects, Silverleaf Capital Services has consistently delivered innovative solutions to capitalize on market inefficiencies. Silverleaf is a 13 year old company run by alumni from IIT - Bombay.

The proposed merger is anticipated to provide the Company with a valuable addition to its technology stack, offering an expanded product portfolio and aiding in diversifying revenue streams. Additionally, it will accelerate global expansion efforts of the company and bolster market presence by harnessing the technological expertise of Silverleaf Capital Services.

Commenting on the merger, Mr. Sachin Gupta - CEO & Whole-time Director of Share India Securities Limited said, "We are delighted to announce the merger with Silverleaf Capital Services, as it represents a pivotal moment in our journey towards driving innovation and delivering enhanced value to our stakeholders. With a strengthened technology stack and expanded product portfolio, this merger positions us for accelerated global expansion and market presence. The merger represents a strategic leap forward for both Silverleaf Capital Services and Share India Securities, enabling us to capitalize on emerging opportunities, drive growth, and deliver enhanced value to our shareholders.

Your company continues to continuously evaluate new strategic initiative in technology space and this is third such acquisition in as many years."

The combined entity is poised to strengthen its competitive position in the financial services industry, with a focus on delivering innovative solutions, expanding market share, and enhancing shareholder value.

Shares of Share India Securities Limited was last trading in BSE at Rs. 1658.60 as compared to the previous close of Rs. 1612.25. The total number of shares traded during the day was 10197 in over 1034 trades.

The stock hit an intraday high of Rs. 1675.70 and intraday low of 1612.15. The net turnover during the day was Rs. 16732949.00.

Source : Equity Bulls

Keywords

ShareIndiaSecurities INE932X01018 Merger SilverleafCapitalServices