Business Daily from THE HINDU group of publications
Wednesday, Apr 09, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Apr 09, 2008 ePaper | Mobile/PDA Version |
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Markets
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Financial Services Our Bureau Chennai, April 8 Arihant Capital Markets has completed the merger of Arihant Fincap with itself. The swap ratio has been fixed at 3:1 (for every one share held in Arihant Fincap Ltd, the shareholders of Arihant Fincap will get three 3 shares of Arihant Capital Markets). In a press release, Mr Ashok Kumar Jain, Chairman and Managing Director, Arihant Capital Markets, said: “The embedded synergy in the operations of both the companies make this a strategic merger that will lead to increased wealth creation for shareholders of both the companies.” The consolidated financials of Arihant Capital Markets Ltd will be presented in the forthcoming board meeting. More Stories on : Financial Services | Mergers & Acquisitions
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