Systematix Corp invests Rs 10 Cr in wholly-owned subsidiary SWASPL
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Systematix Corporate Services has invested Rs 10 crore in its wholly-owned subsidiary Systematix Wealth and Asset Services Private Limited (SWASPL) by subscribing to 1 crore equity shares of Rs 10 each at par through a rights issue. SWASPL operates in alternative investment funds, wealth management, and financial product distribution. Its FY26 turnover was Rs 193.06 lakhs, up from nil in FY25. The funds will be used for SWASPL working capital needs. The deal is a cash transaction at arm's length, and there is no change in shareholding as SWASPL remains a wholly-owned subsidiary.
Routine capital infusion into wholly-owned subsidiary to support working capital. No ownership change. Largely neutral for shareholders.