Gretex Corporate Services Ltd Announces Investment in Alternative Investment Fund (AIF)

In a Board Meeting held on Tuesday, December 5, 2023, the Directors of Gretex Corporate Services Limited deliberated on key decisions. The meeting, conducted at the Registered Office of the Company and via Video Conferencing, commenced at 6:15 P.M.

The Board of Directors granted approval for the investment in an Alternative Investment Fund (AIF) under category II. This involves the incorporation of a Limited Liability Partnership (LLP), with Gretex Corporate Services Ltd consenting to become a Designated Partner. The total investment in each transaction is anticipated to range between Rs. 2.50 crores to Rs. 5.00 crores, with two tranches of Rs. 50 crores each.

Furthermore, the board authorized future investments in any Alternative Investment Fund under category I/II/III, either through any entity or directly to the AIF fund, amounting approximately between Rs. 1.00 crore to Rs. 10.00 crores.

In another significant move, the Board approved the establishment of a new branch for the company in Jaipur, Rajasthan. These decisions underscore Gretex Corporate Services Ltd's strategic initiatives for investment diversification and expansion of its operational footprint.

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