Abans Financial Services Limited was initially incorporated as a Private Company as 'Abans Vanijya Private Limited' on September 24, 2009 at Kolkata, West Bengal. Subsequently, name of the Company was changed to 'Abans Holdings Private Limited' on November 20, 2019. Further, the status of the Company got converted into Public Limited and the name changed to 'Abans Holdings Limited' dated May 19, 2021. On January 28, 2025, Company changed the name from Abans Holdings Limited to Abans Financial Services Limited via fresh certificate of Incorporation issued by Registrar of Companies, Mumbai.'
Abans Financial Services Limited is registered with the Securities and Exchange Board of India (SEBI) as an Investment Manager to an Alternative Investment Fund. Engaged in asset management business, the Company mainly earns fee-based income by providing investment management and advisory services to its clients. Its core business involves managing pooled investment vehicles, identifying investment opportunities, and generating returns in line with investment objectives of the AIFs under its management.
The Company has grown from being a commodities trading company into a diversified multi-asset and multi-national financial services company having varied financial services businesses which are mainly organized in Finance Business, Agency Business and Capital and other Business. Besides, being members of the BSE, NSE, MSEI, NCDEX, ICEX, MCX and IIEL in India, the Company has membership ...s across various global commodity and forex exchanges including London Metal Exchange (LME), Dubai Gold & Commodities Exchange (DGCX), Dalian Commodity Exchange (DCE) and Shanghai International Energy Exchange (INE). Further, it has an in-house NBFC business which provides lending support to clients.
In 2009, the Company acquired Abans Finance Pvt. Ltd. as a 100% subsidiary.
In 2010, it ventured into international financial markets & trading business by incorporating a FCA regulated company, Abans Global Limited in the United Kingdom.
In 2021, The Company's Non-NBFC businesses got demerged from Abans Finance Pvt. Ltd. into Abans Capital Pvt. Ltd., effective from March 30, 2019 via NCLT Order dated April 26, 2021.
The Company made an Initial Public Issue of 1,28,00,000 Equity Shares of face value of Rs 2 each comprising a Fresh Issue of 38,00,000 Equity Shares and 90,00,000 Equity Shares through Offer for Sale in December, 2022.
The Company started investment management activity of business in 2023. It acquired the Portfolio Management Services (PMS) of SATCO Capital Markets Ltd., adding an AUM of Rs 60 Crore in 2023.
During FY 2024-25, Company's branch in GIFT City was granted a Fund Manager Entity License by the International Financial Services Centres Authority (IFSCA).
FAQs on Abans Financial Services Ltd
1. Can I buy Abans Financial Services Ltd from PL Capital? ›
Yes, you can invest in Abans Financial Services Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Abans Financial Services Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Abans Financial Services Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Abans Financial Services Ltd pay dividends? ›
Abans Financial Services Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Abans Financial Services Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Abans Financial Services Ltd. is ₹ 202.79 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Abans Financial Services Ltd ? ›
The 52-week high and low of Abans Financial Services Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
