M&A

M&A

Stock-broking firm Swastika Investmart acquires Safal Capital

Business Line  

Indore-based stock broker Swastika Investmart Ltd is to acquire the business of Ahmedabad-based Safal Capital. This acquisition will enhance Swastika's customer base by around 5%. Safal Capital's customers will get the benefit of Swastika's stock research team, technology platform, compliances, and customer support service. Swastika Investmart Ltd is a member of NSE, BSE, MSEI & depository participant of CDSL & NSDL. The company is also registered with SEBI as a merchant banker.