Vedavaag Systems Limited has made a further investment of Rs 75 lakh in its wholly owned subsidiary, Vedavaag Financial Insurance Broking Services Private Limited, by subscribing to 7,50,000 equity shares with a face value of Rs 10 each through a rights issue, maintaining its 100% shareholding. Vedavaag Financial Insurance Broking Services Private Limited, incorporated on April 19, 2021, had a turnover of Rs 1,254 crore for the financial year ended March 31, 2026, and has received in-principle approval from IRDAI to act as a Direct Insurance Broker.
