Intimation for Incorporation of step down subsidiary company
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Ladderup Finance Ltd has informed BSE that its subsidiary, Ladderup Asset Managers Private Limited, has incorporated a new step-down subsidiary named Ladderup Fund Management IFSC Private Limited in GIFT City, Ahmedabad. The new entity was incorporated on 28th May 2025 with a paid-up capital of Rs. 1,00,000 (10,000 shares at Rs. 10 each), and Ladderup Asset Managers holds 97% stake in it. The new company will operate in fund management activity but has not yet commenced business operations. The investment was made in cash through banking channels.
This is a strategic expansion into fund management through GIFT City's IFSC framework, which offers tax and regulatory benefits. The entity is not yet operational, so there is no immediate impact on earnings or share price, though it signals the company's intent to grow its asset management business.