Systematix Corporate Services Limited has informed the Exchange about Acquisition
SYSTMTXC · price
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Systematix Corporate Services has committed an initial sponsor contribution of up to Rs. 10 crore (in one or more tranches) to the Systematix India Equity Opportunities Fund, a scheme of Systematix Equity & Credit Investment Trust, a SEBI-registered Category II Alternative Investment Fund (AIF). The company's wholly-owned subsidiary, Systematix Wealth & Asset Services Private Limited, will act as the Investment Manager of the AIF. The AIF is treated as a related party, making this a related party transaction done at arm's length. The investment aligns with the object of the preferential issue approved by shareholders at the EGM on October 14, 2024. The AIF will invest in pre-IPO companies and portfolio entities in high-growth sectors, with a scheme term of 6 years extendable by up to 2 additional years.
The company is deploying Rs. 10 crore of the proceeds from its earlier preferential issue into its own sponsored AIF, locking in capital for at least 6 years with limited exit options. While this could create long-term value through pre-IPO and high-growth equity bets managed in-house, retail shareholders should note the long lock-in, illiquid nature of AIF units, and that the AIF's turnover to date is NIL.