Systematix Corporate Services Limited invests in wholly owned subsidiary via rights issue
Systematix Corporate Services Limited has completed an investment in its Wholly Owned Subsidiary, Systematix Wealth & Asset Services Private Limited (SWASPL), through a subscription to a rights issue. The transaction involved a cash consideration of Rs. 2,50,00,000 by subscribing 25,00,000 equity shares of the subsidiary, each with a face value of Rs. 10/- and issued at par.SWASPL, which was formerly known as Systematix Wealth & Asset Management Private Limited and Systematix Ventures Private Limited, is currently focused on carrying the business of Alternative Investment Funds, Wealth Management, and distribution services for various financial products. The company holds registration from Association of Mutual Funds in India (AMFI) and is registered as a Portfolio Manager by Securities and Exchange Board of India.
The investment was made via subscription to a rights issue to meet the working capital requirements of SWASPL. Following the transaction, there will be no change in the percentage of shareholding held by Systematix Corporate Services Limited in SWASPL, which continues to function as a wholly owned subsidiary.
Financial and Operational Details
Systematix Wealth & Asset Services Private Limited, established on September 3, 2013, operates in the Capital Markets industry and is based in India. The entity's financial performance over the last three years shows significant growth up to FY 2025-26.The turnover details for SWASPL are presented below:
| Financial Year | Turnover (in Lakhs) |
|---|---|
| FY 2023-24 | 0.02 |
| FY 2024-25 | Nil |
| FY 2025-26 | 193.06 |
Investment Summary
The investment details and the target entity's nature are summarized in the table below:| Particulars | Details |
|---|---|
| Target Entity | Systematix Wealth & Asset Services Private Limited (SWASPL) |
| Type of Transaction | Investment via Rights Issue |
| Consideration Amount | Rs. 2,50,00,000/- |
| Number of Shares Acquired | 25,00,000 equity shares |
| Acquisition Cost per Share | Rs. 10/- (at par) |
| Nature of Interest | Related party transaction at arm's length |
SYSTMTXC Stock Price Movement
Today, shares of Systematix Corporate Services Limited edged significantly higher to settle at ₹58.62, achieving a 4.42% gain in the market session. The stock traded for a total volume of 5,637 shares as it closed out the day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.