|
|
JRG is a premier brokerage house in India on the fast growth track. JRG started functioning in the stock market in 1992. Over the years, the company has grown from strength to strength to become a major player in India's financial services sector.
Today JRG is a listed company in the Bombay Stock Exchange. JRG is one of the foremost brokerage houses, being a member of various exchanges in the capital and commodity markets and the insurance sector. JRG is a member of the National Stock Exchange of India (NSE), the Bombay Stock Exchange, the National Multi Commodity Exchange of India Ltd (NMCEIL), the National Commodities Derivatives Exchange Ltd (NCDEX), the Multi Commodity Exchange of India Ltd (MCX) and the Indian Pepper and Spices Trades Association (IPSTA). JRG is a full-fledged depository participant of the National Securities Depository Ltd and Central Depository Services (India) Limited.
In April 2006, JRG Securities Limited, the flagship company of JRG Group, came out with a Rs 14.50 crore public issue of 36,25,000 equity shares with a face value of Rs 10 at a premium of Rs 30 per share.
In July 2007, Baring India Private Equity Fund II Ltd (Baring India) announced an investment of upto $35 million in JRG Securities Ltd. through a preferential issue and warrants for a minimum 44.8 per cent stake in the company, subject to the approvals from Securities and Exchange Board of India and shareholders among others.
Post the allotment, Baring India Partners will become the single largest share holder in the company.
|