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SHAREINDIA — Share India Securities News Story

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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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