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Centrum Capital establishes new financial services subsidiary - Centrum Finverse Limited

Oct 4, 2023

By: BlinkX Research Team

Centrum Capital Limited, a leading financial institution, has made a significant stride in expanding its financial services portfolio with the incorporation of a new step-down subsidiary - Centrum Finverse Limited. This strategic move highlights Centrum's commitment to further strengthening its foothold in the financial sector.

Centrum Capital Limited has successfully established Centrum Finverse Limited, a step-down subsidiary that promises to play a pivotal role in the company's growth trajectory.

The incorporation of Centrum Finverse Limited as a wholly-owned subsidiary of Centrum Capital Limited ensures transparency and independence in this strategic move. It's important to note that this transaction doesn't involve any additional interests or influences from promoters, promoter groups, or other companies.

Centrum Finverse Limited operates within the Financial Services sector and is primed to make a significant impact. Its core business activities include broking in shares, commodities, currencies, and derivatives on recognized stock exchanges.

The subscription to Centrum Finverse Limited's share capital has been carried out entirely in cash, demonstrating Centrum Capital Limited's commitment to funding this venture adequately. Shares in the new subsidiary were subscribed at the face value of ₹10 each, a prudent financial decision that aligns with the company's fiscal strategy.

Centrum Finverse Limited, a public company incorporated on October 3, 2023, under the provisions of the Companies Act, 2013, is headquartered in Maharashtra, India. Its primary objective is to engage in broking activities involving shares, commodities, currencies, and derivatives on recognized stock exchanges. While there is no financial history available for the last three years, the company's initial focus is on the Indian market.

The creation of Centrum Finverse Limited underscores Centrum Capital Limited's commitment to diversifying and expanding its range of financial services. This move is expected to contribute significantly to the company's overall growth and strengthen its position in the financial sector, especially in the field of broking activities.