The Company has made an investment in its wholly owned Subsidiary i.e., Systematix Wealth and Assets Services Private Limited (Formerly Known as Systematix Wealth and Assets Management ....
SYSTMTXC · price
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Systematix Corporate Services Limited has invested Rs. 10 crore in its wholly owned subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), by subscribing to 1 crore equity shares of Rs. 10 each at par through a rights issue. The funds are intended for the subsidiary's working capital needs. SWASPL operates in capital markets, focusing on alternative investment funds, wealth management, and distribution of financial products, and is also registered with AMFI. The subsidiary reported nil turnover for the last three financial years (FY23, FY24, FY25) and was incorporated on September 3, 2023. Since SWASPL was already a wholly owned subsidiary, there is no change in the company's shareholding percentage after this infusion. The transaction is classified as a related party transaction conducted at arm's length.
This is an internal capital infusion into an existing wholly owned subsidiary, so there is no change in ownership structure. Shareholders may view it as the parent supporting a new subsidiary that has not yet generated revenue, which is a common early-stage funding move and unlikely to move the stock price materially.