Share India Securities Limited announced that its Finance Committee approved an additional investment of ₹5,99,39,940 in its subsidiary, Share India Cred Capital Private Limited (SICCPL). The investment will be made via the subscription of 59,93,994 equity shares at face value of ₹10/- each on a rights basis. This move is intended to strengthen SICCPL’s capital base, support its expansion, and enhance overall group value, maintaining the Company’s 60% holding.
Approval for Additional Investment in Subsidiary
Share India Securities Limited has disclosed a strategic decision made by the Finance Committee of the Board of Directors during a meeting held on February 23, 2026. The committee approved an additional investment totaling ₹5,99,39,940/- (Rupees Five Crore Ninety-Nine Lakh Thirty-Nine Thousand Nine Hundred and Forty Only) in its subsidiary, Share India Cred Capital Private Limited (SICCPL).
Terms of the Transaction
The investment will be executed through the subscription of 59,93,994 equity shares, each with a face value of ₹10/- (Rupees Ten Only), offered by SICCPL on a rights basis. The transaction utilizes Cash consideration, with the acquisition price set at the face value of ₹10/- per equity share. Assuming full subscription of the rights offered, Share India Securities Limited confirms it will continue to hold 60% of the paid-up capital of SICCPL.
Completion Timeline and Rationale
The indicative time period for the completion of this acquisition is set for within 5 (Five) working days from the date of this disclosure. The primary objective of this proposed investment is to strengthen SICCPL’s capital base and support its operations and expansion, aligning with the Company’s long-term strategy to enhance overall group value.
Details of the Target Entity (SICCPL)
Share India Cred Capital Private Limited (SICCPL) operates within the Financial Service Industry. The company was incorporated on January 06, 2026. Since it is newly incorporated, turnover details for the last three years are presently not available. SICCPL’s business focuses on a wide range of financial services, including structuring, underwriting, syndicating debt instruments, trading, investment, and portfolio management in various securities.
Related Party Transaction Disclosure
SICCPL is classified as a related party under the Companies Act, 2013. The disclosure confirms the interests of certain Directors/Promoters of Share India in SICCPL, noting that the transaction is being undertaken in the ordinary course of business and on an arm’s length basis.
Source: BSE
