Investment Details
Systematix Corporate Services Limited has made an investment through a rights issue in its wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited (formerly known as Systematix Wealth & Asset Management Private Limited & Systematix Ventures Private Limited).
Investment Specifics:
- Number of shares subscribed: 25,00,000 equity shares
- Face value: ₹10 per share
- Total investment amount: ₹2,50,00,000 (Rupees Two Crores Fifty Lakhs)
- Price: At par value
- Consideration type: Cash consideration
Subsidiary Company Details
Target Entity: Systematix Wealth & Asset Services Private Limited (SWASPL)
Business Operations:
- Primary focus: Alternative Investment Funds, Wealth Management, and distribution services of various financial products
- Regulatory registrations:
- Registration from Association of Mutual Funds in India (AMFI)
- Registration as Portfolio Manager from Securities and Exchange Board of India
- Date of incorporation: September 3, 2013
- Industry classification: Capital Markets
Financial Performance (Turnover):
- FY 2023-24: ₹0.02 lakhs
- FY 2024-25: Nil
- FY 2025-26: ₹193.06 lakhs
Transaction Details
Related Party Status: SWASPL being a wholly-owned subsidiary is a related party of the Company. The transaction falls within the ambit of related party transactions.
Transaction Basis: Conducted at arm's length basis
Promoter Interest: The promoter/promoter groups have no interest in the entity except to the extent of their shareholding & directorship.
Purpose and Impact
Objects of Acquisition: Investment in equity shares of SWASPL through subscription to a rights issue for meeting working capital requirements of the subsidiary.
Regulatory Approvals: Not applicable
Completion Timeline: Within the statutory timelines