SG Finserve incorporates wholly owned subsidiary for AIF business
SGFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SG Finserve has incorporated a wholly owned subsidiary named SG Alternative Investment Fund Limited on July 16, 2026. The new entity will act as Investment Manager and Sponsor for setting up a Category III Alternate Investment Fund. It will operate in investment management and financial advisory services. The WoS has an authorized capital of about Rs 1 crore (10 lakh equity shares of Rs 10 each), with 100 percent shareholding held by SG Finserve. Consideration is in cash.
Expands the company into alternate investment fund management, diversifying revenue streams beyond core lending activities. No immediate material financial impact.