Share India Securities Limited — JV/Acquisition, 26-12-2024: Acquisition

The company has acquired 1,82,725 equity shares of Silverleaf Securities Research Private Limited for a total consideration of Rs. 18.27 Cr, resulting in a reduced stake from 78.52% to 73.09%. This strategic investment aims to bolster Silverleaf’s financial position by injecting capital for its growth and operations. As a subsidiary, the acquisition aligns with the company's broader objective to support its subsidiaries' development, enhancing their capabilities within the financial services sector. This move may provide operational synergies and strengthen the overall group's market position.