Angel Broking has informed that the Board of Directors at their meeting held on Wednesday, May 05, 2021, have approved the setting up of new line of business of Asset Management Company (AMC) subject to the necessary statutory approvals required from various regulators including Securities and Exchange Board of India (SEBI). The Company will update the exchanges on the material developments with respect to the AMC. The details required under regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed as Annexure A.
The above information is a part of company’s filings submitted to BSE.