Onelife Capital Advisors Limited — Others, 02-06-2025: Shareholders meeting
02-06-2025 | 06:59 pm
02-06-2025 | 06:59 pm
Onelife Capital Advisors Limited has announced a board meeting to approve related party transactions involving promoter group companies, covering inter-corporate loans, fund-based support, shared resources, and professional services on arm’s length terms. The company plans to acquire two step-down subsidiaries from Dealmoney Commodities Pvt Ltd for ₹25 Cr to streamline its structure. It also seeks approval to borrow up to ₹500 Cr over five years and invest or provide guarantees/loans up to ₹1000 Cr. The board will consider selling its 92.02% stake in Dealmoney Commodities to Continental Controls Ltd at fair value. Appointments of two Independent Directors for one-year terms will be regularized.
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