Prime Securities Limited — Important, 11-03-2025: General Updates

The Board of Directors of Prime Research and Advisory Limited, a wholly-owned subsidiary of Prime Securities Limited, has approved the establishment of an Alternate Investment Fund (AIF). This involves incorporating a new subsidiary, Prime Litmus Investment Management Limited (PLIM), to act as the Investment Manager, along with a limited liability partnership, Prime Litmus Investment LLP (PLI), which will serve as the Sponsor for the AIF. Prime Securities plans to invest up to ₹1.5 crore for a 75% stake in PLIM and up to ₹5 crore for a full partnership in PLI. The transaction falls outside related party transactions and is expected to commence within six months, pending necessary regulatory approvals. This strategic move underscores the company’s commitment to expanding its investment management capabilities, which could enhance its market position and provide new revenue streams. Investors should watch closely for the development of this initiative as it represents a positive growth opportunity.