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Investment Trust of India Limited ( (IN:THEINVEST) ) just unveiled an announcement.
The Investment Trust of India Limited announced that it will no longer exercise control over ITI Gold Loans Limited (IGLL) following its decision not to participate in IGLL’s recent equity fundraising. As a result, IGLL will be reclassified from a subsidiary to an associate company, reflecting a shift in the company’s strategic involvement and compliance with regulatory requirements. This change is significant for stakeholders as it alters the company’s portfolio and potentially impacts its financial and operational dynamics.
More about Investment Trust of India Limited
The Investment Trust of India Limited operates in the financial services industry, focusing on investment and financial management solutions. The company offers a range of services including asset management, financial advisory, and investment products, catering to a diverse clientele in the financial sector.
Average Trading Volume: 4,040
Technical Sentiment Signal: Sell
Current Market Cap: 6.33B INR
For an in-depth examination of THEINVEST stock, go to TipRanks’ Overview page.