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Sanchit Garg, CEO and Co-founder, GLC Wealth believes that these unclaimed shares would be worth Rs 40,000 to 50,000 crore in terms of value. Likewise, dividends worth Rs 5,700 crore have also been transferred to IEPF account in the recent past.
Sandhya Shetty is a name that needs no introduction
Insignia has exited its 45% stake in JANA as it progresses its simplification and transformation strategy, detailed in its quarterly results.
Whereat said the 406 authorised representatives accounted for 84% of the “targeted advisers” (around 483) with 77 advisers either moving to become self-licenced or had moved to another licensee. “There were a number of advisers in the self-employed space and decided someone else was a better partner and we respect that decision – it’s been a long process and there have been some businesses that have made decisions as to what suits them best,” he said. “We are fortunate and happy with advisers that chose to partner with us. For those that decided to leave us – the door is alwa...
There is plenty of competition between dealer groups to take advantage of the uncertainty which has accompanied IOOF’s acquisition of MLC Wealth by recruiting attractive planning practices. Tell us if you have been affected.