💡 Company invested ₹35 crore in its wholly-owned subsidiary to fund working capital requirements.
What Happened
Systematix Corporate Services Limited has made an investment of ₹35,00,07,200 in its wholly-owned subsidiary, Systematix Shares and Stocks (India) Limited. The investment was made through a rights issue where the company subscribed to 17,50,036 equity shares at ₹200 per share. This transaction is part of funding the subsidiary's working capital requirements.
Key Details
- Company: Systematix Corporate Services Limited
- Event Type: M&A
- Filing Date: 13-Apr-2026 15:43:14
- NSE Filing: View Document
Why It Matters
This investment represents a strategic capital infusion into Systematix Corporate Services' broking and financial services subsidiary. Systematix Shares and Stocks is a SEBI-registered intermediary with memberships across major Indian exchanges including BSE, NSE, MCX, and NCDEX. The ₹35 crore investment will support the subsidiary's working capital needs, potentially strengthening its market position and operational capabilities in the competitive capital markets sector. The subsidiary has shown consistent turnover performance over the past three years, with ₹68.42 crore in FY 2024-25.
Disclaimer: This is publicly available information sourced from NSE. Not investment advice.
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