Business Update11 Jun 2024, 12:44 am
Prime Securities Ltd. Announces Commencement of Wealth Management Business
AI Summary
Prime Securities Ltd. has announced the commencement of a Wealth Management Business through a Wholly-owned subsidiary. The Board of Directors approved a capital investment of up to INR 10 cr for this purpose. The proposed foray into Wealth Management is subject to necessary regulatory/statutory approvals, including the approval of shareholders, if any, as may be required under the applicable laws.
Key Highlights
- Prime Securities Ltd. to commence Wealth Management Business
- Capital investment of up to INR 10 cr approved
- Wealth Management services to complement existing business
- Subject to necessary regulatory/statutory approvals
- Includes approval of shareholders, if required