BN Rathi Approves Rs 60 Lakh Investment as Sponsor Contribution in Alternative Investment Fund
BN Rathi Securities Ltd has approved a significant investment, earmarking funds for a sponsor contribution to an Alternative Investment Fund (AIF). The decision was formalized by the company's Board of Directors at their meeting held on July 21, 2026.The approval concerns an investment amounting to Rs 60,00,000/- (Rupees Sixty Lakhs Only). This capital is designated as a Sponsor Contribution to Scheme II, which is managed by B-Fly Asset Manager LLP.
B-Fly Asset Manager LLP operates as an Associate Limited Liability Partnership (LLP) of BN Rathi Securities Limited. The transaction is classified as a related party investment due to the established relationship between the two entities.
The target entity, B-Fly Asset Manager LLP, specializes in acting as an Investment Manager for Alternative Investment Funds (AIFs). The company established the LLP to undertake AIF activities, including managing these specialized funds.
Key details of the transaction are summarized below:
| Particular | Detail |
|---|---|
| Target Entity Name | B-Fly Asset Manager LLP |
| Nature of Transaction | Approval for Sponsor Contribution to Scheme II managed by B-Fly Asset Manager LLP. |
| Industry | Alternative Investment Funds (AIFs) |
| Consideration/Cost | Rs 60,00,000/- in cash towards contribution as a sponsor to the AIF. |
| Relationship Status | Related Party Transaction (B-Fly is an Associate LLP of BN Rathi Securities Ltd). |
Stock Price Movement
As of the market close today, BN Rathi Securities Ltd settled at ₹17.50, rising 0.75%. The shares navigated a range throughout the session, trading between an intraday low of ₹16.92 and a peak of ₹17.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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