Multibagger Stock Share India Securities Considers Acquisition of 100% Stake In Silverleaf Capital Services

Share India Securities Ltd. (BSE: 540725, NSE: SHAREINDIA), one of India's leading tech-based financial services providers, has announced that it is considering to acquire upto 100% stake in M/s. Silverleaf Capital Services Private Limited, by way of merger, share purchase or any other permitted modes of acquisition.

Incorporated in 2011, M/s. Silverleaf Capital Services Private Limited is a leading capital market player involved in trading activities in the nature of High-frequency trading. The acquisition of Silverleaf Capital Services Private Limited is likely to add to the company's technology stack, provide an additional product portfolio, aid in diversifying revenue and expedite global expansion, thereby adding value to shareholders. Silverleaf combines Machine Learning, AI techniques and mathematical modelling with in-house low-latency software and hardware trading capability to discover and profit from market inefficiencies to offer Low-Latency Statistical Arbitrage, Market Making and support for Research Projects. Silverleaf Capital Services recorded a turnover of Rs. 16.33 Cr in FY23.

Share India Securities Ltd. further added in its Exchange announcement, "The proposed acquisition will enable both the entities to streamline their business activities resulting in economies of scale, better and more productive utilization of financial, human and other resources and enhancement of overall business efficiency. The synergies arising from the acquisition in terms of services and resources can be put to the best advantage of all stakeholders. This endeavor is envisaged to be in the best interests of the shareholders, employees and the creditors of the both entities. The proposed acquisition is likely to help Company in diversifying its revenue streams and be a value proposition for Company's shareholders."

Earlier, Share India Securities announced stellar earnings for Q1FY24.

Consolidated Financial Performance Comparison - Q1FY24 v/s Q1FY23 As Per A BSE Filing

Revenue from Operations grew by 20.15% from Rs. 23080 Lakhs in Q1 FY23 to Rs. 27730.82 Lakhs in Q1 FY24 primarily driven by growth in share broking business/trading activity and improved focus on customer retention by offering various products like uTrade algos and MTF.

EBITDA increased by 38.61% from Rs. 9087.51 Lakhs in Q1FY23 to Rs. 12596.44 Lakhs in Q1 FY24

EBITDA margins increased from 38.96% in Q1 FY23 to 45.20% in Q1FY24 by 624 bps.

PAT increased by 39.03% from Rs. 5917.71 Lakhs in Q1 FY23 to Rs. 8227.51 Lakhs in Q1FY24.

PAT margins increased from 25.37% in Q1FY23 to 29.52% in Q1FY24 by 415 bps.

Share India Securities Limited (BSE: 540725, NSE: SHAREINDIA) is one of India's leading tech-based financial service providers. The company offers customized capital market solutions to its clients and has recently launched its algo trading platform for clients. SISL has a ~2% market share in the cash market, ~2% market share in futures and ~5% market share in options on the basis of turnover. SISL via its subsidiaries is also present in NBFC business, insurance broking, merchant banking, portfolio management and mutual funds distribution. SISL has been in operation for the last 27 years & has a nationwide reach with its 821 and 117 AP and branches respectively present across 16 major States of India.