India, June 16 -- InCred Money, the retail wealthtech investment distribution arm of the InCred Group, is set to venture into retail broking with its proposed acquisition of South Asian Stocks Limited (SASL), which operates as Stocko.

Following the acquisition, Delhi-based Stocko will be rebranded as InCred Stocko, subject to regulatory approvals. InCred Money will absorb the Stocko team into its fold.

However, the financial details of the deal remain undisclosed.

The acquisition will mark InCred Group's entry into retail broking, expanding its offerings to include equities and derivatives trading.

With this deal, InCred Group aims to build a financial ecosystem that includes lending, asset and wealth management, capital markets and r...