Deals31 March 2026 at 01:27 pm
Standard Capital Markets Ltd. Disinvests Subsidiary, Appoints New Advisor
AI Summary
Standard Capital Markets Ltd. announced the disinvestment of its wholly owned subsidiary, KRV Brooms Private Limited, at a consideration of ₹ 100,000/-. The decision is part of the company's strategic move to streamline its investment structure and focus on core business operations. The board also approved the appointment of Mr. Gaurav Jindal as Advisor to the Board, who will provide strategic and business advisory support.
Key Highlights
- Standard Capital Markets Ltd. disinvested its wholly owned subsidiary, KRV Brooms Private Limited
- The disinvestment was made for a consideration of ₹ 100,000/-
- The decision is part of the company's strategic move to streamline its investment structure
- Mr. Gaurav Jindal was appointed as Advisor to the Board
- Mr. Jindal will provide strategic and business advisory support to the Board and management