Hexa Tradex stock ends 5% up after update on subsidiary Hexa Securities & Finance

On Sensex, Hexa Tradex finished at the upper circuit of Rs107.30 per piece up by 4.99%.

Jun 22, 2021 04:06 IST India Infoline News Service

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Hexa Tradex stock witnessed a bullish trend on Tuesday after the company's board approved key development in 100% material subsidiary, Hexa Securities & Finance Company.

The company's board approved the pledge of 25% equity shares of Hexa Securities & Finance Company.

Further, the board approved a non-disposable undertaking (NDU) in connection with the remaining 75% shareholding, each for securing the loan of up to Rs425cr sanctioned by Tata Capital Financial Services Limited to Hexa Securities & Finance Company Limited.

On Sensex, Hexa Tradex finished at the upper circuit of Rs107.30 per piece up by 4.99%. 

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