Systematix Corporate Services (BOM:526506) has invested an additional 100 million Indian rupees in its wholly-owned subsidiary Systematix Wealth and Assets Services, according to a Friday filing to the Indian stock exchanges.
The investment was made in the subsidiary by subscribing to 10 million equity shares of 10 rupees each through a rights issue for working capital requirements for Systematix Wealth's business.
Systematix Wealth focuses on alternative investment funds, wealth management and distribution services of various financial products.
The company's shares were down 3% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.