The Board of Directors of Inditrade Captial Ltd at its meeting held today has decided to execute a Memorandum of Understanding (MOU) with Robocash Pte Limited (Robocash), a company incorporated under the laws of Singapore, engaged in the business of online and offline retail lending, for entering into a joint venture which will be engaged in online and offline consumer lending, subject to statutory and regulatory approvals as may be required.
The Joint Venture aims to leverage the technology platform and global experience of Robocash to provide 'payday loans' to individuals in India.
Shares of Inditrade Capital Limited was last trading in BSE at Rs.45 as compared to the previous close of Rs. 43.35. The total number of shares traded during the day was 10600 in over 45 trades.
The stock hit an intraday high of Rs. 45 and intraday low of 43.35. The net turnover during the day was Rs. 474206.