21-05-2024 03:32 PM | Source: PR Agency
Abans Targets US Market with its Global Arbitrage Fund, also gets SEBI nod to act as Investment manager for AIFs in India

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ABANS Holdings Limited, a diversified financial services has received approval from SEBI to operate as an investment manager for AIFs in India.


Mr. Abhishek Bansal, Chairman of Abans Holdings Limited commented on the achievement: “This milestone opens up an exciting new avenue for us to generate an additional source of income for the company. This achievement underscores our commitment to expanding our offerings and reinforces our position as a trusted partner in the investment management landscape.”


ABANS global arbitrage fund, has shown a consistent growth trajectory since inception, making people comfortable with investing in them. The acquisition of PMS has opened up one more asset class for investors to consider. The company’s focus is on targeting fee-based subscription income, performance fees, as well as advisory fees over the next 3 years. The company’s agency fees business has performed the best amongst all the segments.


The company is planning to expand its flagship Global Arbitrage Fund to the U.S. markets and has initiated the regulatory process. This strategic move not only shows company’s dedication to growth but also positions us to serve a broader investor base while continuing to deliver exceptional results and value.

Mr. Nirbhay Vassa, Chief Financial Officer of Abans Holdings Limited also said: "We have experienced more than 80% growth in the global arbitrage fund, and we anticipate this growth to continue if there are no geopolitical issues.”


ABANS fiscal year-end results as of March 31, 2024, showcasing substantial growth, strategic strides, and operational excellence. The company’s consolidated agency income exhibited an impressive year-on-year growth, reaching Rs. 100.29 crores. Earnings before interest and tax from asset management operations also soared, increasing by 175% to Rs. 58.52 crores. Lending Income also flourished, increasing by 66% to Rs. 35.50 crores. Notably, the Non-Performing Assets (NPAs) remained at Nil, which underscores the company's unwavering commitment to sound financial management.


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