We are happy that Summit Securities is getting listed today after a lot of persuasion.
Summit Securities is part of the RPG group and is a finance company holding shares of group cos of RPG group. The company got created on the merger of five similar finance companies – CHI Investments, Summit Securities, Octav Investments, Brabourne & RPG Itochu (unlisted).
We have been tracking Summit Securities as we had recommended CHI Investments, which got merged on 2 February 2010.
So what is the value in the company:
Post re-structuring the equity of the company is 10.90 Crore.
Some of the major investments held by the company as per consolidated accounts are: