Inditrade Capital to hike stake in JRG Dubai

MUMBAI: Inditrade Capital, formally known as JRG Securities, has taken an in principle decision to increase its existing shareholding in JRG International Brokerage DMCC ( JRG DMCC), a company registered with the Dubai Multi Commodities Centre.

Inditrade has decided to increase its stake up to 51% of the paid up capital of JRG DMCC, within a period of 24 months subject to the relevant regulatory approvals (both in India and UAE), if any, the company said.