The company has an authorized capital of Rs 250 million and a paid-up capital of Rs 72.8 million. It has 49 companies as shareholders. Except for one IT company, all are broker companies. The main partner company is City Tech Solution.
Each broker company owns 11,000 units of shares having a face value of Rs 100 in the company. Meanwhile, City Tech Solution owns 200,000 units of shares. 48 broker companies have invested Rs 52.8 million while City Tech has invested Rs 20 million.
Although it has been said that the company will partner with banks and financial institutions as well, no partnership has been confirmed with any BFIs during the registration process. However, the company said that it will add members in the coming days. The company is planning to start working within one week.
The article of association of the company state that the main objective of the company is to do technical work related to the stock market. It will also produce technical workforce and merchandise for the stock market. It will also develop software and build a data center in the future.
