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Almondz Global gets nod to transfer DPM related businesses to AFL

12 Nov 2011 Evaluate

Almondz Global Securities has received an approval for transfer of its Debt Portfolio Management (DPM) related businesses to the company’s wholly owned subsidiary namely - Almondz Finanz (AFL). The board at its meeting held on November 11, 2011 has approved for the same.

Further, this is subject to approval of the shareholders of the company and the consent of the shareholders would be obtained through the postal ballot process.

The DPM business of the company consist of originating and managing bond issuances of corporates involving underwriting commitments, the debt part of 'Portfolio Management Services' (PMS) business involving managing client funds invested in debt securities on an advisory or active basis and 'Wholesale Debt Market' (WDM) broking desk, which primarily deals with broking money market issuances by corporate.

Almondz Global Securities (AGSL), formerly the Allianz Securities is one of the leading investment banks in India. Its main business lines are - Corporate Finance, Distribution of Financial Products, Private Clients, Portfolio Management Services, and Equity Broking.

Almondz Global Sec Share Price

16.43 0.09 (0.55%)
20-Apr-2026 15:31 View Price Chart
Peers
Company Name CMP
Motilal Oswal Fin 807.00
Angel One 318.00
IIFL Capital Service 309.35
Nuvama Wealth 1378.00
Share India Sec. 144.30
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