iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

IB Infotech Enterprises to acquire 81% stake in Pearl Leisure

22 Feb 2022 , 12:07 PM

Stock Market Trader, Stock Trader, Trading

IB Infotech Enterprises Limited has agreed to subscribe to 2,02,500 equity shares at a price of Rs10 /- per equity share which will be constituting to 81% of the total equity Share capital of Pearl Leisure Private Limited, said company in a filing on Monday.

The Equity Shares will be acquired at a price of Rs. 10/- per equity share aggregating to Rs20,25,000/-.

Further, Pearl Leisure Private Ltd, a private limited company having a paid up caital of Rs4,75,000 and turn over for the period ended December 31, 2021 is appx Rs131.50 lakh.

On acquisition, the company said, "IB Infotech Enterprises Limited will manage the business of the acquired entity by providing their expertise and may earn the management fees subject to necessary approvals."

On Tuesday at around 11:56 AM, IB Infotech Enterprises was trading at Rs18.85 apiece down by Rs0.95 or 4.8% on Sensex.

Related Tags

  • acquisition
  • business update
  • IB Infotech Enterprises Ltd
  • IB Infotech Enterprises Ltd shares
  • IB Infotech Enterprises Ltd stocks
  • market announcement
  • news
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.