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| Exchange Disseminated Time 30/06/2016 13:22:05 | Prime Securities Ltd has informed BSE that the Hon’ble High Court of Mumbai has on June 28, 2016, admitted the Winding-up Petition against Prime Broking Company (India) Limited (PBCIL) filed by National Securities Clearing Corporation of India (NS CCL).
PBCIL is in consultation with its legal advisors on the next course of action. Everything necessary to protect shareholder interest is being done, including (but not restricted to) an Appeal in a higher Court.
PBCIL has had no operations for the last three years. Prime Securities Limited, the parent listed Company, carries out Corporate Advisory and Merchant Banking services, which remain unaffected by the developments in PBCIL. |
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