Deals30 Jan 2026, 06:52 pm
Centrum Capital to Sell Merchant Banking Division to Subsidiary Centrum Broking Limited
AI Summary
Centrum Capital Ltd. has announced that its Board of Directors has approved the sale of its Merchant Banking Division to its subsidiary, Centrum Broking Limited (CBL), through a slump sale. The transaction is expected to be completed in the next 2-3 months, subject to regulatory approvals. The sale is part of Centrum Financial Services Limited's requirement to convert into a Non-Operative Financial Holding Company and directly hold investments in regulated financial entities in the Group. Centrum Broking Limited is a trading member with BSE Limited and the National Stock Exchange of India Limited and provides broking services to its clients.
Key Highlights
- Centrum Capital to sell Merchant Banking Division to Centrum Broking Limited
- Transaction to be completed in 2-3 months, subject to regulatory approvals
- Sale is part of Centrum Financial Services Limited's requirement to convert into a Non-Operative Financial Holding Company
- Centrum Broking Limited is a trading member with BSE Limited and the National Stock Exchange of India Limited
- Centrum Capital to cease to be a Merchant Banker, but the Group will continue to offer Merchant Banking services through Centrum Broking Limited