Ikab Securities released a notification regarding the object of the company on incorporation.
The business ranges from textile to broker to manufacturing and what not?. From this list a few things made sense to me.
- To render portfolio management services by investment in shares, stocks, debentures, company deposits, government securities loans, units, mutual funds, post office/national savings schemes, etc. …
- To carry on the business of consultants, merchant bankers, advisors, underwriters/sub underwriters, brokers/sub-brokers, market-makers, trustees, agents etc. …
- To carry on the business as financial advisers…
- To purchase, acquire or undertake or take over the whole or any part of the business, profession, goodwill, property, contracts, agreements, rights, privileges, effects and liabilities of any person, firm or company carrying on similar business or proposing to carry on or ceasing to carry on business, profession or activity…
A resolution was passed to change the name of the company to MK Ventures Capital Limited and most probably they will operate as an investment management firm providing PMS services or as a private investment vehicle acquiring other companies’ stakes.
| Subscribe To Our Free Newsletter |
