The company cited unprecedented fall in the stock markets coupled with the present lockdown leading to an unanticipated liquidity crunch as reasons for shutting operations After winding up its portfolio management services (PMS) business, IndiaNivesh said that it is shutting down its broking and commodity business too.
In a statement to BSE, the company has cited unprecedented fall in the stock markets coupled with the present lockdown leading to an unanticipated liquidity crunch as reasons for shutting operations.
It clarified that the company will now neither solicit any new clients nor take any fresh orders/transactions or positions with its existing clients. "In light of the abovementioned circumstances, IndiaNivesh Shares and