Algoquant Fintech Invests ₹52.5 Lacs in Subsidiary AQCSPL

Algoquant Fintech Ltd has subscribed to 52,500 equity shares of its subsidiary, AQ Capital Services Private Limited (AQCSPL), through a rights issue. The investment amounts to ₹52,50,000 (₹52.5 Lacs), with each share issued at ₹100 (including ₹90 premium). This investment is intended to support AQCSPL's financial and business requirements, including SEBI registration costs and operational expenses. AQCSPL is in the process of registering as a Registrar and Transfer Agent. The transaction does not alter Algoquant Fintech's shareholding percentage, which remains at 75%, and AQCSPL continues to be a subsidiary. The acquisition is considered an arm's length transaction.