InCred Money enters into retail broking with Stocko acquisition
InCred Money
, the retail wealth‑tech investment distribution arm of the
InCred Group
, has announced its entry into
retail broking
through the proposed
acquisition
of South Asian Stocks Limited (SASL), which operates as 'Stocko'.
Stocko
clocks a daily notional turnover of around Rs 1 lakh crore, making it one of the most active discount brokers in the country.
Subject to regulatory approvals, Stocko will be rebranded as InCred Stocko and integrated into InCred Money, the group's digital-first wealth and investment platform, according to a press release.
Also Read |
Nifty stuck in narrow range. Here's the mutual fund move you need to make now
This acquisition marks a significant milestone for InCred Group—one of India's most ambitious and fastest‑growing diversified financial services platforms—in expanding its presence in retail broking with offerings in
equities and derivatives
trading.
The transaction underscores InCred Group's commitment to building a full‑stack financial ecosystem—spanning lending, asset and wealth management, capital markets, and retail investing—backed by robust technology and a relentless focus on customer experience.
Live Events
Stocko, launched in 2013, has become a trusted name for active traders and retail investors, offering trading across equities, derivatives, commodities, and currencies. With a sleek, intuitive interface and flat-rate pricing of just Rs 12.99 per order, it delivers exceptional value at scale. Stocko also offers a unique subscription plan for active traders where pricing can go as low as Rs 2.99 per order.
'India's investing ecosystem is evolving rapidly,' said Bhupinder Singh, Founder and Group CEO of InCred. 'Stocko gives us a proven platform with serious volume, and we'll bring our tech, capital, and customer-first mindset to unlock its full potential.'
InCred Money, where Stocko will now reside, is the group's digital wealth-tech arm, offering alternative investments and FDs, to retail customers. With the addition of Stocko, InCred Money will now also offer equities and derivatives, rounding out a comprehensive
investment suite
for digital-first users.
Also Read |
Best aggressive hybrid mutual funds to invest in June 2025
'This is a massive leap forward for us. With InCred's backing, we'll scale faster, innovate harder, and roll out smarter products - from enhanced margin funding to sharper tech. Our goal is simple: to become one of India's top 20 brokers in the next two years, and top 10 brokers in 4-5 years,' said Shrey Jain, CEO of Stocko.
The Stocko team will continue to run the business under the InCred banner, ensuring continuity and client-centricity through the transition.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Nirma Group's Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement . The money was paid to lenders on Saturday, allowing them to write back their provisions this quarter, two people aware of the details said."The money came to lenders on Saturday and has been distributed. There were some delays due to some litigation but now that everything is settled, the company transferred the money well ahead of the June 24 deadline," said one of the persons cited with 25% of the more than Rs 8000 crore debt stands to gain Rs 431 crore, while Union Bank will get Rs 345 crore, calculations by ET acquisition will help Nuvoco Vistas boost its installed cement capacity by over 20% reaching around 31 MTPA and is the company's third acquisition after Lafarge Cement and Emami Cement. A Mumbai bench of the NCLT had approved the acquisition in Vadraj Cement, formerly owned by ABG Shipyard, has a 6 million tonne grinding unit in Surat and will add to Nuvoco Vistas' existing production capacity of 25 million tonne by more than 20%.The acquisition was undertaken through Vanya Corp , a wholly-owned subsidiary of Nuvoco Vistas. Subsequently, Vanya will be merged with Vadraj Cement, according to the resolution plan. Vadraj Cement will ultimately become the wholly-owned subsidiary of the Rs 1,800 crore offer outbid Adani Group at an auction under the court-monitored corporate insolvency, ET had reported in January this year. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire the Gujarat-based cement the Rs 1,800 crore offered by Nuvoco Vistas, Rs 1,725 crore will be used for repaying financial creditors' dues, and the balance is set aside for operational credit, dues to employees, an insolvency resolution process costs.
Time of India
an hour ago
- Time of India
India's coffee export growth: Shipments up 125% to $1.8 billion in 11 years; Europe remains top buyer
I ndia's coffee exports have surged by 125 per cent over the past 11 years, touching $1.8 billion in 2023–24, up from $800 million in 2014–15, according to central government data. The rise in exports has been attributed to a series of policy measures implemented by the Coffee Board of India, including digitalisation of permits, export incentives, and support for value addition in processing. As per the data, exports stood at $1.28 billion in 2023–24, compared to $1.14 billion in 2022–23. Europe continues to be the top destination for Indian coffee, with key markets including Italy, Germany, Belgium, Middle East nations, South Korea and Japan, PTI reported. To bolster exports, the Coffee Board has taken steps such as digital issuance of RCMC, export permits and certificates of origin, regular engagement with exporters to address bottlenecks, and providing global market intelligence. Additionally, the government has introduced transit and freight assistance, offering Rs 3 per kg for value-added exports and Rs 2 per kg for high-value green coffee shipments to far-off markets such as the US, Canada, Japan, and Nordic countries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo To further aid domestic processors and entrepreneurs, the Board offers 40% subsidy on machinery costs, capped at Rs 15 lakh, for roasting, grinding and packaging units. 'These measures are helping us reach newer markets,' said Divya Shree G S, founder of Vidi's Coffee. Coffee Board CEO and Secretary M Kurma Rao noted that India's coffee is largely shade-grown under native canopy trees, promoting biodiversity, soil and water conservation, and offering sustainable income to small and marginal growers. Veteran Coorg-based grower Bose Mandana added that shade-grown practices also align with EU deforestation regulations, strengthening India's export readiness. Highlighting global opportunities, South India Coffee Company (SICC) founders Akshay Dashrath and Komal Sable said their firm is helping Indian producers and roasters expand abroad. 'There is huge potential for specialty coffee exports from India,' Komal said. India, the seventh-largest coffee producer globally with a 3.5% share, ranks fifth in exports with a 5% global share. The country produces about 3.6 lakh tonnes of coffee annually, with Karnataka, Kerala and Tamil Nadu being top growers. The sector directly and indirectly supports around 2 million people. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Sebi fines IAGF, trustee and managers ₹29 lakh for AIF rule breaches
Capital markets regulator Sebi has imposed penalties totalling Rs 29 lakh on six entities, including India Asset Growth Fund, its manager Essel Finance Advisors and Managers, and trustee Vistra ITCL (India) for multiple violations of AIF rules. The regulator levied a fine of Rs 11 lakh on IAGF, Rs 10 lakh on Arpan Sarkar and Jaykishan Kikani (jointly and severally), Rs 6 lakh on Vistra ITCL (India), and Rs 2 lakh on Essel Finance Advisors and Managers (EFAM), its Chief Executive Officer Vishnu Prakash Rathore (jointly and severally). The regulator, in a 39-page order, found the entities guilty of serious lapses in regulatory compliance during the inspection period from April 2021 to March 2022, Sebi said in the order on Friday. The markets watchdog observed that India Asset Growth Fund (IAGF) failed to disclose disciplinary actions and litigation history of its sponsor, manager, trustee, and key officials in its placement memorandum (PPM), as mandated under the norms. Later, the fund submitted a revised PPM containing such disclosures during a change of control application, which was neither approved nor circulated to investors, resulting in a breach of the disclosure framework of the code of conduct of the alternative investment fund (AIF) regulations. Sebi also pulled up the fund for providing valuations based on underlying assets instead of the securities it held, as well as for delayed registration with the Financial Intelligence Unit (FIU-IND), non-disclosure of the investor charter and distribution waterfall, and a 10-day delay in filing its PPM audit report. The regulator found that the fund took over a month to respond to an investor grievance, breaching the 30-day deadline. It noted that although the fund eventually completed the winding-up process and distributed proceeds to all investors by January 2024, the regulatory breaches were material. The regulator concluded that the violations had the potential to mislead investors, and disrupt regulatory oversight of AIFs. Sebi highlighted that EFAM being manager of IAGF is responsible for such non-compliances. It noted that Rathore, Sarkar and Kikani were the key managerial personnel who failed to abide by the code of conduct as per the rules. Therefore, the allegations against them stand established.
