AlgoQuant Fintech Limited has announced a strategic investment of ₹12.8 million in its wholly-owned subsidiary, AlgoQuant Global Securities Private Limited (AGSPL), marking a decisive step toward expanding its footprint in the stock broking industry.
Investment and Allotment Details
The infusion of capital was executed through a rights issue, resulting in the allotment of 3,19,968 equity shares at ₹40 per share, comprising a face value of ₹10 and a premium of ₹30 per share. The total investment of ₹12.8 million will strengthen AGSPL’s capital base, enabling it to scale operations.
Subsidiary Focus and Operations
AGSPL is set to operate in the stock broking sector, dealing in:
- Shares and stocks
- Debentures and bonds
- Government securities
- Other financial instruments
This move positions the subsidiary to capture opportunities in India’s rapidly evolving financial services landscape.
Strategic Significance
By bolstering AGSPL’s capital, AlgoQuant Fintech reinforces its commitment to expanding in the financial technology and services segment. The investment is expected to enhance the subsidiary’s ability to offer a broader range of stock broking services and strengthen its market presence.
Regulatory Compliance and Shareholding
The transaction complies with SEBI regulations under Regulation 30 of the Listing Obligations and Disclosure Requirements. Despite the capital infusion, AlgoQuant Fintech’s shareholding remains at 99.99%, preserving AGSPL’s status as a wholly-owned subsidiary.
✅ Summary
- Investor: AlgoQuant Fintech Limited
- Subsidiary: AlgoQuant Global Securities Private Limited (AGSPL)
- Investment Amount: ₹12.8 million via rights issue
- Shares Allotted: 3,19,968 equity shares at ₹40 each
- Business Focus: Stock broking – shares, bonds, debentures, government securities
- Shareholding Post-Investment: 99.99% (wholly-owned subsidiary)
- Strategic Objective: Strengthen AGSPL’s presence and capabilities in the financial services sector
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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