Zuari Forex has received an approval from High Court of Bombay for its proposed scheme of amalgamation of Zuari Forex and Phoenix Township, and their respective shareholders with effect from July 01, 2011. The company had received approval for the said scheme of amalgamation at its board meeting held on December 23, 2011.
Zuari Forex is a 100% subsidiary of Zuari Finance with an objective of developing the foreign exchange business of the company due to certain restrictions imposed by Reserve Bank of India.
The company basically offers its services to incoming foreign tourists who require changing of exchange in foreign currency notes and Travellers Cheques into Indian currency. The company also sells foreign currency in form of currency notes, Travelers Cheques and Prepaid Cards to outgoing Indian nationals visiting other countries for leisure or business as per RBI guidelines.
| Company Name | CMP |
|---|---|
| Bajaj Finserv | 1746.95 |
| TVS Holdings | 14231.75 |
| RattanIndia Ent | 35.53 |
| Altius Telecom Infra | 161.10 |
| Authum Inv. & Infra | 472.15 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: