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Ventura Guaranty Ltd informed the stock exchanges that its subsidiary, Ventura Securities Limited, has approved two key steps: (1) sponsoring a new Category II Alternative Investment Fund (AIF), and (2) incorporating a new LLP named 'Ventura Alternative Investment Advisor LLP' that will act as the Investment Manager to the AIF. The LLP will be owned 99% by Ventura Securities Limited and 1% by Mr. Hemant Majethia, with the partners' capital contributed at arm's length. Since the new LLP is yet to be incorporated, turnover and historical financials are not applicable, and the timeline depends on statutory and regulatory approvals. The consideration will be in cash, and the LLP qualifies as a related party of the listed company.
This move signals Ventura's expansion into the alternative investment fund management business, which could create a new revenue stream for the group. For shareholders, it represents a strategic diversification beyond core activities, though the financial impact will only be visible once the AIF is set up and starts operations.