Systematix Corporate Services (BOM:526506) has committed to an initial contribution of up to 100 million Indian rupees in one or more tranches as a sponsor in India SME Growth Fund - Series 2, an alternate investment fund (AIF), according to a BSE filing on Tuesday.
While the company will serve as the sponsor to the AIF, its wholly-owned subsidiary Systematix Wealth and Asset Services will act as an investment manager for it.
The company's shares were up over 3% in recent trade.