Prime Securities has received approval for acquisition of 60% equity stake in Prime Global Asset Management Pte., a Singapore based Company (PGAM), by Prime Research and Advisory (PRAL), a wholly owned subsidiary of the Company. PGAM will undertake the fund management business and offer its services to global institutional investors and family offices.
The remaining shareholding of PGAM will be held equally by Anil Ahuja and Ajay Abrol, both Singapore residents, who will also act as Directors and operating team of PGAM. The Board of Directors of the Company, at their Meeting held on December 2, 2023, has approved the same.
Prime Securities is a Leading provider of diversified, Investment Banking and Corporate Advisory services, licensed and regulated by the Securities and Exchange Board of India (SEBI), authorized to Advise and Arrange financial services under a Category 1 Merchant Banking License and is head quartered in Mumbai, India.
