Monarch Networth Capital Limited has informed the Exchange about the Share Subscription and Shareholders Agreement ( SSHA ) executed with Metropolitan Stock Exchange of India Limited ( MSEI ).
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Monarch Networth Capital has entered into a Share Subscription and Shareholders' Agreement (SSHA) with Metropolitan Stock Exchange of India Limited (MSEI) on July 8, 2025. The company will invest Rs. 40 Crore by subscribing to 20 crore equity shares of MSEI at Rs. 2 per share (face value Rs. 1), giving it a 1.82% stake in MSEI's post-issue paid-up capital. MSEI is a SEBI-recognised stock exchange offering trading in Capital Market, F&O, Currency Derivatives, and Debt Market segments. The deal is a cash investment, not a related-party transaction, and is expected to be completed within 60 business days. MSEI's turnover has been declining — from Rs. 54.65 Crore in FY23 to Rs. 17.38 Crore in FY25 — while its net worth stood at Rs. 396.72 Crore as of March 2025.
This is a small financial investment (1.82% stake) for strategic positioning in the financial services ecosystem, not a transformative deal. The Rs. 40 Crore outflow is significant relative to the size of a small-cap brokerage but should not materially alter Monarch's core business outlook. Shareholders may view it as a long-term strategic move rather than an immediate value creator.