Share India Securities Limited (NSE - INE932X01026, BSE - 540725), a technology-driven financial services provider that offers a wide range of customized solutions in the Indian capital markets, has announced its strategic decision to invest ?59.50 crore (Rupees Fifty-Nine Crore Fifty Lakh only) in the Metropolitan Stock Exchange of India Limited (MSE).
This investment will be made through the acquisition of 29.75 crore equity shares, representing 4.958% of the post-issue paid-up share capital of MSE. The investment shall be completed within a period of 60 working days from the date of this media release.
Commenting on the milestone performance, Mr. Sachin Gupta - CEO & Whole-time Director of Share India Securities Limited said, "We are excited to announce our strategic investment of approximately ?60 crore in the Metropolitan Stock Exchange of India (MSE), marking a pivotal milestone in our journey to support and shape the future of Indian financial markets.
This investment not only extends our market reach but also solidifies our leadership position within the industry. It underscores our commitment to shaping the future of the financial ecosystem through innovative solutions and strategic partnerships.
We strongly believe that this move significantly enhances our market presence, reinforcing our position as a key driver of growth and innovation in the industry. We see this milestone as a pivotal step toward expanding our product offerings, addressing the needs of domestic and international institutional investors especially in view of new regulatory measures. The anticipated trading volumes from these new products are expected to enhance revenue visibility and align with the market's growing emphasis on long-term strategies.
Our commitment to introducing cutting-edge financial products is at the heart of this strategic move. By leveraging MSE's platform, we aim to create new opportunities and accelerate the evolution of India's market ecosystem." |
