Systematix Corporate Services Ltd. Invests in Subsidiary via Rights Issue, Amounts to Rs. 35,00,07,200/-
Systematix Corporate Services Limited has completed an investment in its Wholly Owned Subsidiary, M/s. Systematix Shares and Stocks (India) Limited (SSSIL), through a rights issue. The investment, structured for the working capital requirements of SSSL, was successfully executed by subscribing to 17,50,036 equity shares.The total value of the investment through the rights issue aggregates to Rs. 35,00,07,200/- (Rupees Thirty-Five Core Seven Thousand Two Hundred Only). Details of the subscription confirm that the shares, each having a face value of Rs. 10/-, were acquired at an issue price of Rs. 200/- per Equity Share, which...