Announced Tue, 21 Jul · 16:40 IST
Board approves Rs 60 lakh sponsor investment in associate AIF
Strategic Transactions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹17.25
prior close
₹17.43
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-1.7-4.2-0.8———————
Up moveDown movePending
AI summary
B.N. Rathi Securities board approved a Rs 60 lakh investment as sponsor contribution to Scheme II of an Alternative Investment Fund managed by B-Fly Asset Manager LLP, an associate LLP of the company. This is a related party transaction, to be done in cash, and is in compliance with SEBI AIF Regulations 2012.
Likely market impact
Small capital deployment into associate's AIF; limited financial impact but signals a push into the fund management business.