SHAREINDIA: Share India Securities Limited has informed the Exchange that the Company has additionally acquired 59,93,994 equity shares of face value of Rs. 10/- each, offered by Share India Cred Capital Private Limited on a rights basis.
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Share India Securities Limited will invest around ₹5.99 crore in its subsidiary, Share India Cred Capital Private Limited (SICCPL), by subscribing to 59,93,994 equity shares of face value ₹10 each offered on a rights basis. The acquisition is being done at face value (₹10 per share) in cash, and post-investment, Share India will continue to hold 60% of SICCPL's paid-up capital. SICCPL was only incorporated on January 6, 2026, and operates in the financial services industry, focusing on debt, credit, and capital market activities. The transaction is a related party deal (as SICCPL is a subsidiary with common directors/promoters) but is being carried out at arm's length. The investment is expected to be completed within five working days and aims to strengthen SICCPL's capital base for operations and expansion.
This is a modest capital infusion (₹5.99 crore) into a newly formed subsidiary, so the direct financial impact on Share India Securities is limited. However, it signals the company's intent to grow its financial services footprint, which could be a long-term positive for shareholders if the subsidiary scales successfully.