Cliqtrade picks 10% more in Asit C Mehta Fin
With total holding of 37.19%, stock broking firm becomes co-promoter
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New Delhi: Cliqtrade Stock Brokers on Tuesday said it has acquired an additional 10 per cent stake in broking and financial services firm Asit C Mehta Financial Services Ltd, taking its total holding in the company to 37.19 per cent.
The additional 10 per cent stake or 4.68 lakh shares have been purchased at Rs151.44 apiece, aggregating the transaction size to Rs 7.08 crore, Asit C Mehta Financial Services said in disclosure to the stock exchanges.
With this, Mumbai-based Cliqtrade has picked up a total of 37.19 per cent in Asit C Mehta Financial Services through a combination of share purchase agreement with its promoters and an open offer. Asit C Mehta Financial Services, founded by Asit C Mehta and Deena Mehta, has four decades of experience in providing services across stock broking, wealth management, mutual fund distribution, portfolio management services and advisory services.
Cliqtrade is promoted by the founders of Pantomath Financial Services Group -- Mahavir Lunawat and Madhu Lunawat. "Cliqtrade has completed an additional 10 per cent stake acquisition of Asit C Mehta Financial Services Ltd, to now hold 37.19 per cent and has established itself as a Co-promoter," the stock broker said in a separate statement.
