Glance Finance Limited has filed a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Bombay Stock Exchange.
The company filed a Private Placement Memorandum (PPM) application with the Securities and Exchange Board of India (SEBI) on June 04, 2026.
Glance Finance has committed to contribute up to Rs. 5 crore, in one or more tranches, as a Sponsor to Artha Fund VI AQF I ("the Scheme") of Artha Trust II, which is a Category II Alternative Investment Fund (AIF).
Key Details from Annexure I:
Target Entity: Artha Fund VI AQF I "the Scheme" of Artha Trust II, Category II Alternative Investment Fund (AIF)
Total Obligation of Contribution: Up to Rs. 5 Crore in one or more tranches
Related Party Status: The AIF will not be considered a Related Party of the Company as defined under Regulation 2(1)(zb) of the SEBI Listing Regulations. Promoters of the Company have no interest in this investment, and the transaction is done at arm's length basis.
Industry: Alternative Investment Fund
Regulatory Approvals: Private Placement Memorandum (PPM) application filed with SEBI on June 04, 2026
Time Period: The commitment period shall begin from the date of the First Closing and expire at the end of 60 months from the date of the Final Closing, subject to an extension of 12 months at the sole discretion of the Investment Manager
Consideration Form: Cash
Cost of Acquisition: Up to Rs. 5 crores in one or more tranches
Percentage of Shareholding: The Company will acquire units of the scheme of AIF at face value
Background: The AIF will invest in various sectors including Green Energy, Electric Vehicles, Fintech, and Private Equity, as well as Assets Leasing and Revenue Based Funding
The disclosure will be hosted on the Company's website at https://glancefinance.in/investors/.