Vibrant Global Capital Limited has disclosed the acquisition of 65% equity stake in The Private Reserrve Capital Pvt. Ltd. as approved by the Board of Directors at its meeting held on 2nd June, 2026.
Target Entity Details
- Name: The Private Reserrve Capital Pvt. Ltd.
- Authorized Share Capital: ₹50,00,000
- Paid-up Share Capital: ₹10,00,000 [current]
- Size/Turnover: Not yet commenced business operations
- Date of Incorporation: 28th April, 2026
- Country of Presence: India
- Line of Business: Wealth management business, specifically Portfolio Management Services (PMS), Category III Alternative Investment Funds (AIFs), and wealth advisory
Transaction Details
- Related Party Interest: No, the acquisition does not constitute a related party transaction
- Percentage of Shareholding Acquired: 65% (post-acquisition)
- Consideration: Total acquisition amount of approximately ₹6,00,00,000 (Rupees Six crore)
- Share Subscription: Company will subscribe to 1,85,701 equity shares of face value ₹10.00 each at an issue price of ₹323.00 per share
- Total Subscription Amount: ₹5,99,81,423 (Rupees Five crore ninety-nine lakh eighty-one thousand four hundred twenty-three)
- Completion Timeline: Expected on or before 30th June, 2026
Purpose and Impact
The acquisition will enable Vibrant Global Capital to enter the wealth management business through the Target Company's proposed operations in Portfolio Management Services (PMS), Category III Alternative Investment Funds (AIFs), and wealth advisory services.