Systematix Corporate Services LimitedSYSTMTXCNSE
Systematix Corporate Services invests ₹10 crore in wholly owned subsidiary through rights issue
As filed · This is to inform you that the Company has made an investment through rights issue in its Wholly-Owned Subsidiary i.e. Systematix Wealth & Asset Services Limited
CapitalMixedLowmateriality 34 out of 100
What happened
FactSystematix Corporate Services subscribed to 1,00,00,000 equity shares of its wholly owned subsidiary, Systematix Wealth & Asset Services Private Limited, at ₹10 per share for a total cash consideration of ₹10,00,00,000. The investment is intended to meet the subsidiary’s working capital requirements, with no change in the company’s wholly owned status.