Share India Securities Limited (BSE:540725) agreed to acquire a 51% stake in Algowire Trading Technologies Private Limited from Agam Gupta, Tripti Gupta, Prerna Gupta and Bhavya Arnav for INR 21.4 million on September 23, 2021. Share India Securities will acquire 15,300 shares at INR 1400 per share. Post completion, Share India Securities will hold a 51% interest in Algowire Trading Technologies and remaining 49% will be held by Bhavya Arnav. Post-acquisition, Algowire Trading Technologies shall become a subsidiary of Share India Securities. Algowire Trading Technologies reported paid-up capital as INR 0.3 million, net worth as INR 40.5 million and turnover as INR 10 million for the period end on March 31, 2021. The transaction has been approved by the Board of Directors of Share India Securities. The acquisition shall be completed within a period of two (2) months.