TKS Finance rejuvenates share certificates
TKS Finance, a member of the TKS group has introduced "Express Share
Credit."
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CEO, TKS
Finance
Rasika Kaluarachchi |
Share Certificate holders can pledge their shares to TKS Finance for
duration of their choice and immediately obtain a loan of 50% of the
value of such shares. This means, one can get money for his shares,
without having to sell a single share.
This product which has seen its popularity rising rapidly in an
otherwise gloomy share market environment, brings two-fold benefits to
the adversely affected share certificate holders.
Firstly, it releases their blocked money which was invested during a
bullish market, but is now unable to convert into productive money, due
to the prevailing unfavourable trend in the stock market. Secondly, even
for those investors who purchased shares recognized as 'good buy with
long term value,' this "Express Share Credit" facility gives an ideal
opportunity to get money for short-term usage until they are ready to
sell off such shares, once the share market improves.
CEO, TKS Finance Rasika Kaluarachchi, said, "We observed the
unexpected difficulty faced by most investors due to their inability to
convert their shares in to hard cash, as they could not sell their
shares at a profit due to the prevailing bearish.
There are many who have bought worthy shares, but, would like to have
some ready cash for temporary usage without selling off such shares.
Both these investors have taken advantage of our 'Express Share Credit'
facility to their benefit. Its ever rising popularity is therefore
understandable," he concluded.
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