Continental Securities Ltd to Expand Business Portfolio with New Subsidiaries and Gold Loan Division

Continental Securities Ltd plans to expand its business portfolio by forming new subsidiaries for Mutual Fund, PMS, AIF, and distribution services, along with expanding its gold loan division. The company aims to diversify its business portfolio and strengthen its presence in additional financial sectors. It is evaluating the formation of a subsidiary for acquiring Mutual Fund AUM and Portfolio Management Services, subject to regulatory approvals and feasibility. Additionally, the company is considering creating a subsidiary for PMS Distribution services & Alternate Investment Fund services, enabling expansion to cater to high-net-worth and sophisticated investors. The company is working toward reaching a mutual fund AUM of 100 crore in the years ahead and proposing to establish additional branches of its Gold loan division.