Announced Tue, 14 Jul · 17:56 IST
Board approves incorporation of Wholly Owned Subsidiary
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-1.6%1-day move
₹55.40
prior close
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base price
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AI summary
Rajasthan Securities Limited board approved incorporating a Wholly Owned Subsidiary in India on 14 July 2026. The new WOS will engage in general trading and securities trading, aligned with the company's main business. Initial capital will be Rs 1 crore, fully subscribed by the company in cash. The WOS will be 100 percent owned, subject to MCA approval. Name and further details will be shared post incorporation.
Likely market impact
Minor structural move. A small new subsidiary in the same line of business; unlikely to materially affect financials in the near term.