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Other Financial Services
Subsidiary17 Jul 2026, 11:41 am

SG Finserve Incorporates Wholly Owned Subsidiary SG Alternative Investment Fund Limited

AI Summary

SG Finserve Ltd has announced the incorporation of its wholly owned subsidiary, SG Alternative Investment Fund Limited, on July 16, 2026. This new entity will function as an Investment Manager and/or Sponsor for setting up a Category III Alternate Investment Fund. The subsidiary has an authorized capital of ₹1,00,00,000, divided into 10,00,000 equity shares of ₹10 each, with SG Finserve Ltd holding 100% of the paid-up share capital. The incorporation follows a prior disclosure made on January 23, 2026, and the company received the Certificate of Incorporation on July 17, 2026. The subsidiary's business will focus on investment management and financial advisory services.

Key Highlights

  • SG Finserve Ltd incorporated a wholly owned subsidiary.
  • New entity named SG Alternative Investment Fund Limited.
  • Subsidiary to act as Investment Manager and Sponsor for AIF.
  • Authorized capital of ₹1 crore, 100% owned by SG Finserve.
  • Incorporation date: July 16, 2026.