Systematix Corporate Services makes Rs 35 crore investment in SSSIL
There will be no change in the percentage of shareholding of the company in SSSIL
Systematix Corporate Services has made investment through rights issue in its Wholly Owned Subsidiary, Systematix Shares and Stocks (India) (SSSIL) aggregating to Rs 35 crore by subscribing to 17,50,036 equity shares of face value of Rs 10 each at an issue price of Rs 200 (including premium of Rs 190) per Equity Share, for the purposes of its working capital requirements, either in the form of equity / quasi equity.
There will be no change in the percentage of shareholding of the company in SSSIL. SSSIL will continue to remain a wholly owned subsidiary of the company.
Systematix Corporate Services is registered as category I Merchant banker with Security Exchange Board of India (SEBI) and primarily engaged in Merchant Banking Activities.
