Systematix Corporate Services invests ₹10 Cr in WOS via rights issue
Systematix Corporate Services Ltd (SCSL) has invested ₹10 crore in its Wholly-Owned Subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), through a rights issue. SCSL subscribed to 1,00,00,000 equity shares of ₹10 each at par. The investment aims to meet the working capital requirements of SWASPL. SWASPL, which focuses on Alternative Investment Funds, Wealth Management, and financial product distribution, reported a turnover of ₹193.06 lakhs for the financial year ended March 31, 2026. This transaction is considered a related party transaction, conducted at arm's length. The investment does not alter SCSL's percentage of shareholding in SWASPL, which will continue to remain a wholly-owned subsidiary.
Key Highlights
- SCSL invested ₹10 Cr in its WOS, SWASPL.
- Investment made via rights issue for working capital.
- SWASPL focuses on wealth and asset management services.
- Transaction is a related party deal at arm's length.
- No change in WOS status or shareholding percentage.
Price Impact
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