56 mins ago
eMudhra Shares Surge 20% After LEIL Validation Partnership
eMudhra is a company that helps businesses use digital identities and signatures.
Its shares rose sharply in early trading.
The shares reached Rs 593.60, compared with Rs 494.70 previously.
The increase followed a new partnership with LEIL.
LEIL issues Legal Entity Identifiers, which are records used to identify organisations.
eMudhra will check information for organisations applying for or renewing these identifiers.
The services will be added to eMudhra’s existing customer verification systems.
This could mean organisations do not need to complete separate checks on different platforms.
LEIL will continue issuing and maintaining the official records.
eMudhra shares rose 20% to Rs 593.60 in early trading, from a previous close of Rs 494.70.
The company’s market capitalization increased to approximately Rs 4,634 crore.
eMudhra will serve as a Validation Agent for LEIL, a GLEIF-accredited Legal Entity Identifier issuer.
LEIL is a wholly owned subsidiary of the Clearing Corporation of India Ltd and the only LEI issuer recognised by the RBI in India.
The partnership will integrate LEI application and renewal services into eMudhra’s identity verification and customer onboarding workflows.
- Who
- eMudhra and LEIL, a GLEIF-accredited Legal Entity Identifier issuer and subsidiary of the Clearing Corporation of India Ltd.
- What
- eMudhra will serve as a Validation Agent for LEIL and integrate LEI application and renewal services into its verification workflows.
- Where
- India, involving Bengaluru-based eMudhra and LEIL’s operations in the Indian LEI system.
- When
- In early trading today; the article does not provide a calendar date.
- Why
- The partnership is intended to simplify organisational verification by combining LEI services with identity verification and customer onboarding.
Key facts
- Share price
- Rs 593.60 in early deals
- Share-price move
- Up 20% from the previous close
- Previous close
- Rs 494.70
- Market capitalization
- Approximately Rs 4,634 crore
- Validation partner
- LEIL
- LEIL ownership
- Wholly owned subsidiary of the Clearing Corporation of India Ltd
- Service integration
- LEI applications and renewals will be added to eMudhra’s identity verification and customer onboarding workflows
Sources
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