Share India Securities falls after stake dilution in subsidiary
BUZZ-Share India Securities falls after stake dilution in subsidiary ** Shares of Share India Securities SCAC.NS fall 4.3% to 189.10 rupees
** Stock on track for biggest intraday percentage drop since May 12
** Investment Banking and brokerage services co's stake in subsidiary Silverleaf Securities Research falls to 64.81% from 73.09% after rights issue
** Share India says it did not subscribe to additional shares in Silverleaf's rights issue as part of its capital allocation and investment strategy
** Co says dilution did not involve any sale or disposal of shares; Silverleaf remains its subsidiary with no change in control
** Stock up 13.53% YTD
(Reporting by Anushka Rajvedi in Bengaluru)
((mailto: anushka.rajvedi@thomsonreuters.com))
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