Share India Securities acquires 63.5% stake in Utrade Solutions
Share India Securities Limited, an Indian brokerage firm, said that it has completed the acquisition of a 63.5% in Utrade Solutions Private Limited for a sum of INR 13.684 crores.
Post completion of the deal, Utrade Solutions Private Limited has become a subsidiary of Share India Securities Limited.
The shareholding structure of Share India Securities Limited holding 63.5% and other shareholders owning 36.5% of the equity share capital of Utrade Solutions Private Limited.
Based in Punjab, Utrade Solutions Private Limited is a financial trading technology company that offers multi-asset trading platforms, low latency infrastructure with algorithms, order and risk management systems, data analytics products, and pre and post trade analytics.