Investment13 May 2026, 08:31 pm
SecMark to Invest ₹10 Cr in GIFT City Trustee License Venture
AI Summary
SecMark Consultancy Ltd's board has approved a proposal to invest up to ₹10 Crores in a subsidiary, joint venture, or other entity to explore obtaining a Trustee License in GIFT City (IFSC). This investment is subject to necessary regulatory approvals from the International Financial Services Centres Authority (IFSCA) and other applicable authorities. The license aims to enable the entity to expand business operations within the IFSC ecosystem and undertake trustee-related activities.
Key Highlights
- SecMark to invest up to ₹10 Cr in GIFT City venture.
- Investment targets Trustee License acquisition in GIFT City (IFSC).
- Venture will operate through a subsidiary, JV, or other entity.
- IFSCA and other regulatory approvals are required.
- License aims to expand business in the IFSC ecosystem.