Share India Securities Limited has approved an additional investment of ₹49.99 crore in its wholly-owned subsidiary, Share India Fincap Private Limited (SIFPL), through the subscription of 12,25,490 equity shares at ₹408 per share. The decision was made by the Finance Committee of the Board of Directors on July 21, 2025.
| Particulars | Details |
|---|---|
| Investment Amount | ₹49,99,99,920 |
| Number of Equity Shares | 12,25,490 |
| Price per Share | ₹408 |
| Face Value | ₹10 per share |
| Premium | ₹398 per share |
Strategic Rationale
The investment aims to enhance SIFPL's financial strength and support its business expansion. By infusing additional capital, Share India Securities seeks to ensure that SIFPL has adequate funding for its ongoing development, contributing to the overall growth of the group. This move aligns with the company's long-term strategy of nurturing its subsidiaries and driving sustained growth.
Details of Share India Fincap Private Limited
Share India Fincap Private Limited (SIFPL) is categorized as a Non-Deposit taking Non-Systemically Important Non-Banking Financial Company (ND-NSI-NBFC). It offers a range of financial products and services, including:
- Women Entrepreneurship Loans
- Small and Micro Enterprise Loans
- Loan Against Securities
- Secured and Unsecured Business Loans
As of March 31, 2025, SIFPL had a net worth of ₹122.46 crore. For the financial year 2024-25, its turnover was ₹61.38 crore.
Related Party Transaction
The acquisition qualifies as a related party transaction as SIFPL is a wholly-owned subsidiary of Share India Securities. Several directors of SIFPL, including Mr. Parveen Gupta, Mr. Rajesh Gupta, Mr. Yash Pal Gupta and Mr. Agam Gupta, are either directors or promoters of Share India Securities. The company affirms that the transaction is being conducted in the ordinary course of business and on an arm's length basis.
Timeline and Completion
The investment is expected to be completed within four working days from the date of the disclosure, i.e., by July 25, 2025.
Background of SIFPL
Incorporated on December 24, 1996, SIFPL is registered with the Reserve Bank of India as an NBFC-ICC. The company is committed to providing innovative and accessible financial solutions to support the growth of individuals, entrepreneurs, and businesses.
The turnover of SIFPL for the last three financial years is as follows:
- FY 2022-23: ₹85.44 crore
- FY 2023-24: ₹82.13 crore
- FY 2024-25: ₹61.38 crore
