Comments
Shares of Centrum Capital will remain in investors’ focus, as the Centrum group has decided to exit its forex business under the brand name Centrum Direct, by selling it to Atlanta-based Ebix Inc for about ₹1,200 crore. As part of the deal, the entire Centrum Direct team and assets will be transferred to Ebix and will become part of EbixCash, an end-to-end financial exchange.
The deal, subject to shareholder and regulatory approvals, is expected to be closed within 60 days.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.