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Indo Thai Financial Services

AnnouncedIN
What it does

Runs a stock broking and financial products distribution business based in Indore, India.

Stock brokingFinancials

Indo Thai Securities' broking and distribution undertaking, with FY25 turnover of Rs 26.7 crore (99.6% of standalone turnover).

Status
Announced
Expected
Awaiting NCLT approval
Parent
Indo Thai Securities (INDOTHAI IN)
Spin-off ticker
To be announced
Listing
NSE and BSE
Market
India
Sector
Financials

Terms

1 Indo Thai Financial Services share (FV Re 1) for every 1 Indo Thai Securities share; NCLT Indore allowed first motion and convened creditor meetings; final NCLT sanction pending; listing on NSE and BSE proposed.

Key dates

  1. Board approval
  2. NCLT first motion (creditor meetings convened)
  3. NCLT sanction

Source documents

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