Hot Pursuit     09-Feb-23
Angel One gets Sebi nod for setting up AMC
The stock broker has received an in-principle approval from Securities and Exchange Board of India (Sebi) vide their letter dated 8 February 2023, for sponsoring a mutual fund.
Accordingly, Angel One would be setting up an asset management company and the trustee company, in accordance with applicable Sebi Regulations and other applicable laws.

Angel One is the largest listed retail stock broking house in India, in terms of active clients on NSE. The company provides broking and advisory services, margin funding, loans against shares and distribution of third-party financial products to its clients. The broking and allied services are offered through online and digital platforms and network of authorized persons.

The brokerage company's consolidated net profit (from continuing operations) surged 38.53% to Rs 228.04 crore on 25.5% jump in total income to Rs 759.66 crore in Q3 FY23 over Q3 FY22.

Shares of Angel One fell 0.21% to Rs 1160 on Wednesday, 8 February 2023.

Previous News
  Angel One client base climbs 61% YoY in February
 ( Hot Pursuit - 04-Mar-24   10:38 )
  Angel One consolidated net profit rises 14.17% in the December 2023 quarter
 ( Results - Announcements 15-Jan-24   18:43 )
  Angel One grants 4,573 RSUs under ESOP
 ( Corporate News - 08-Jan-24   19:06 )
  Angel One drops as Q3 PAT slides 14% QoQ to Rs 260 cr
 ( Hot Pursuit - 16-Jan-24   10:35 )
  Board of Angel One recommends 4th interim dividend
 ( Corporate News - 22-Mar-23   18:50 )
  Angel One board OKs to raise Rs 2000 cr
 ( Hot Pursuit - 23-Feb-24   08:38 )
  Angel One allots 6,468 equity shares under ESOP
 ( Corporate News - 30-Jan-24   19:12 )
  Angel One announces key business parameters for Feb'23
 ( Corporate News - 03-Mar-23   08:40 )
  Angel One announces board meeting date
 ( Corporate News - 10-Aug-23   16:11 )
  Angel Broking files application with SEBI to set up Mutual Fund
 ( Corporate News - 29-Sep-21   20:45 )
  Angel One achieves client base of 20 million
 ( Corporate News - 25-Jan-24   15:14 )
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