Abans Financial Services Limited — Updates, 07-08-2025: Scheme of Arrangement
07-08-2025 | 05:32 pm
07-08-2025 | 05:32 pm
Abans Financial Services (AFSL) has announced a significant internal group restructuring. Its Board has approved the amalgamation of four subsidiary and step-down subsidiary entities, including Abans Capital and Abans Securities, into Abans Broking Services Private Limited (ABSPL). For FY2025, ABSPL recorded a net worth of 180.55 Cr and revenue of 2,247.88 Cr, while Abans Securities contributed revenue of 237.58 Cr. This strategic move aims to simplify the group structure, enhance operational efficiency, and reduce costs by consolidating similar business lines. The objective is to strengthen ABSPL's market position and maximize overall shareholder value. AFSL's shareholding pattern remains unchanged.
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