Business Update1 Mar 2025, 10:39 pm
Vedant Asset Ltd Successfully Transfers AUM of ¥102.50 Crores to New ARN
AI Summary
Vedant Asset Ltd has announced the successful transfer of Asset Under Management (AUM) amounting to ¥102.50 Crores from ARN 16320 to ARN 104974. The transfer is in line with the company's objective of consolidating its mutual fund distribution business under a corporate structure. The ARN 104974 is now registered under the name of Vedant Asset Limited, succeeding ARN 16320 which was previously held by Mr. Lallit Tripathi.
Key Highlights
- Vedant Asset Ltd has successfully transferred AUM of ¥102.50 Crores to ARN 104974.
- The transfer is a part of the company's strategy to consolidate its mutual fund distribution business under a corporate structure.
- ARN 104974 is now registered under the name of Vedant Asset Limited.
- The AUM transfer involves an amount of ¥102.50 Crores from ARN 16320, previously held by Mr. Lallit Tripathi.