Angel One gains on incorporating wholly owned subsidiary

Angel One is currently trading at Rs. 1227.25, up by 5.70 points or 0.47% from its previous closing of Rs. 1221.55 on the BSE.

Angel One
Angel One

The scrip opened at Rs. 1230.00 and has touched a high and low of Rs. 1232.05 and Rs. 1220.00 respectively. So far 4633 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1673.00 on 14-Oct-2022 and a 52 week low of Rs. 1000.00 on 01-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1242.75 and Rs. 1206.05 respectively. The current market cap of the company is Rs. 10272.97 crore.

The promoters holding in the company stood at 38.48%, while Institutions and Non-Institutions held 26.34% and 35.17% respectively.

Angel One has incorporated wholly owned subsidiary (WOS) in the name of ‘Angel One Asset Management Company’. The company has incorporated wholly owned subsidiary on May 4, 2023.

The WOS will carry on the Business of raising or acquiring funds, managing and acting as managers, consultants, advisors, administrators, attorneys, agents or representatives or nominees of or for any mutual funds, offshore funds, insurance funds, unit trusts, venture capital funds, investments funds etc.

Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.

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