we hereby inform you that the Company has made an Investment in Industrial Investment Trust Limited (Symbol: IITL) by acquiring 2,77,000 (Two Lakh Seventy Seven Thousand) Equity Shares of Rs. 10/- each at a market price of Rs. 144/- each aggregating to Rs. 3,98,88,000/- (Rupees Three Crores Ninety Eight Lakhs Eighty Eight Thousand Only) through market purchase.
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Systematix Corporate Services Limited has acquired 2,77,000 equity shares in Industrial Investment Trust Limited (IITL) through market purchase at Rs. 144 per share. The total investment amounts to approximately Rs. 3.99 crore (Rs. 3,98,88,000). IITL is a listed entity on NSE (Symbol: IITL). The shares were bought at prevailing market price with face value of Rs. 10 each. This represents a treasury investment move by the company in another listed financial entity.
This signals capital deployment by Systematix into a listed investment trust, which could provide dividend income and capital appreciation over time. For shareholders, it indicates the company is using surplus cash for market investments rather than core business expansion, and the scale (~Rs. 4 crore) suggests it is a notable but not transformative allocation.