Geojit Monetary Companies’ inventory fell 6.42 per cent to ₹158.23 as of 10.57 am on September 17, 2024, following the corporate’s announcement of an upcoming Rights Difficulty Committee assembly. The assembly, scheduled for September 19, 2024, will talk about the phrases and circumstances of a proposed rights subject, together with the problem worth and rights entitlement ratio.
The rights subject, accredited by the Board of Administrators on July 13, 2024, goals to lift as much as ₹200 crore. This determination comes after the corporate reported sturdy Q1 FY 2024-25 outcomes, with a 107 per cent year-on-year improve in consolidated web revenue to ₹45.81 crore and a 56 per cent rise in income to ₹181.18 crore.
In July, Geojit additionally introduced the appointment of CJ George as Chairman and Managing Director, efficient July 15, 2024, following the retirement of Ramananthan Bupathy. As of June 30, 2024, the corporate reported Belongings Underneath Custody and Administration of ₹1,03,350 crore and over 14.12 lakh shoppers.
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