Emkay Insurance Brokers Limited (now known as Emkay Wealth Advisory Limited), the wholly owned subsidiary of Emkay Global Financial Services Ltd has signed the Business Transfer Agreement with IDEAL Insurance Brokers Private Limited on 22nd March, 2019 for transfer of its entire insurance broking business. Incidentally the name of Emkay Insurance Brokers Ltd. and its main objects relating to carrying of Insurance broking business were changed to comply with the provisions of IRDAI (Insurance Brokers) Regulations, 2018 for surrender of the certificate of registration of insurance broking.
Shares of EMKAY GLOBAL FINANCIAL SERVICES LTD. was last trading in BSE at Rs.101 as compared to the previous close of Rs. 99.5. The total number of shares traded during the day was 126 in over 7 trades.
The stock hit an intraday high of Rs. 101 and intraday low of 98.9. The net turnover during the day was Rs. 12595.