Onelife Capital Advisors announced on Monday that the board of the company encashed Rs 10 million from Fincare Financial & Consultancy Services against advances of Rs 1.52 million to them.
The company already encashed Rs 9.2 million on May 30, 2014 for which the company have already informed the Exchanges, it said.
The company is hopeful and in process that it will receive balance of Rs 1.33 million very soon from Fincare Financial & Consultancy Services as they have assured us, it added.
Shares of the company declined Rs 1.35, or 0.74%, to trade at Rs 180. The total volume of shares traded was 14,858 at the BSE (1.33 p.m., Tuesday).