Joint Venture8 Nov 2024, 06:24 pm
KFin Technologies Ltd. and Computer Age Management Services Limited Form Joint Venture for Investment Management Platform
AI Summary
KFin Technologies Ltd. and Computer Age Management Services Limited have entered into a joint venture agreement to incorporate a joint venture company, JVCo, for owning, developing, maintaining, and operating the jointly developed investment management platform and ecosystem named ‘MF Central’. The Company will infuse up to INR 13,50,00,000 in the JVCo in one or more tranches.
Key Highlights
- Formation of a joint venture company, JVCo, between KFin Technologies Ltd. and Computer Age Management Services Limited
- JVCo to own, develop, maintain, and operate the investment management platform and ecosystem named ‘MF Central’
- KFin Technologies Ltd. to infuse up to INR 13,50,00,000 in the JVCo
- Primary equity capital infusion by KFin Technologies Ltd. in one or more tranches
- The Transaction is subject to customary closing conditions