Board Meeting17 Sept 2026, 10:21 am
DB International Stock Brokers to Sell Client Business
AI Summary
DB International Stock Brokers Limited's Board of Directors has approved the proposal to transfer its major client business, including trading, depository participant, and mutual fund services, to a prospective buyer. This decision is subject to shareholder approval at an Extraordinary General Meeting and necessary regulatory consents. Mr. Shiv Narayan Daga, Chairman & Managing Director, has been authorized to identify and negotiate with potential buyers.
Key Highlights
- Board approved transfer of major client business.
- Transaction subject to shareholder and regulatory approvals.
- CMD authorized to negotiate with prospective buyers.
- Focus on trading, depository, and mutual fund services transfer.
Price Impact
More from DBSTOCKBRO