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iFAST boosts stake in Indian associate company

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Nisha Ramchandani

Nisha Ramchandani

Published Tue, Jan 16, 2018 · 09:50 PM

Singapore

INVESTMENT solutions firm iFAST Corporation has boosted its stake in its associate company Pecuniam via a rights issue as it seeks to tap business opportunities in India.

It has subscribed for around 3.58 million new ordinary shares at an issue price of S$0.22, totalling over S$788,000. This lifts its stake in Pecuniam from 21.42 per cent to 24.98 per cent.

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