India, July 16 -- VCI Global Ltd. (VCIG), a multi-disciplinary business and technology consulting firm, on Wednesday announced that it has entered into a definitive agreement to acquire V Capital Fund Management Ltd., a fund management firm licensed by the Labuan Financial Services Authority.
Shares of VCI Global are 56% higher in the pre-market trading.
The acquisition, valued at a nominal consideration, is expected to be completed in the third quarter of 2025.
VCI Global plans to use the acquired license to launch the VCIG Bitcoin Fund, a USD-denominated, professionally managed investment vehicle offering institutional-grade exposure to Bitcoin.
The fund is aimed at high-net-worth individuals, family offices, and institutional investo...