Thirdwave Financial Intermediaries Ltd
THIR

Thirdwave Financial Intermediaries Ltd (531652)

₹20.9--

Key Stats

₹20.9
Day's Price Range
₹20.9
₹15.45
52-Week Price Range
₹37.25
1 Month Return-9.14 %
3 Month Return11.76 %
1 Year Return-29.87 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 395
EPS
Rank 413
BVPS
Rank 460
Dividend Yield
Rank 112
ROE
Rank 688
Price To Book Ratio
Rank 315
Debt To Asset
Rank 455

Company Information

Thirdwave Financial Intermediaries Ltd was incorporated in May 16 1989. The Company is into the business of trading in shares trading in pulses and consultancy services activity.In FY 2014 the Company received a letter from MSE that the exchange has decided to derecognise itself and has applied to SEBI for the same. MSE has therefore advised the company to seek voluntary delisting from their exchange as the Companys shares are listed on BSE having nationwide trading terminals. Further in terms of SEBI Delisting of Equity Shares Regulations 2009 companies have been permitted to seek voluntary delisting from Regional Stock Exchanges subject to terms and conditions of such regulation. Moreover continued listing at MSE does not provide any tangible advantage to shareholders and investors of the Company. Hence the Company should take voluntary delisting from MSE and avoid unnecessary financial and administrative burden due to multiple compliance of various exchanges from time to time.In FY 2017 as the Companys shares are listed on BSE having nationwide trading terminals. Further in terms of SEBI Delisting of Equity Shares Regulations 2009 companies have been permitted to seek voluntary delisting from Regional Stock Exchanges subject to terms and conditions of such regulation. Moreover continued listing at CSE does not provide any tangible advantage to shareholders and investors of the Company. Hence the Company should take voluntary delisting from CSE and avoid unnecessary financial and administrative burden due to multiple compliance of various exchanges from time to time. The Company has already taken resolution in last Annual General Meeting to delist its shares from CSE and the process of delisting from CSE is in progress.During the year 2018 the company actively participated in Capital Market and reaped benefits of booming Capital Markets. However the company has exited from intercorporate loan portfolio due to risks aversion posed in the current lending markets. The Reserve Bank of India RBI has cancelled registration of the company as Non Banking Financial Company and the Board decided not to continue NBFC business.
OrganisationThirdwave Financial Intermediaries Ltd
HeadquartersKolkata
IndustryFinance