Crest Ventures (CVL) has acquired 6 lakh equity shares of Crest Wealth Management (CWMPL), its Subsidiary Company, from Mitesh Shah at a total consideration of Rs 43.20 lakh on June 23, 2017. Consequent to the said acquisition, the equity holding of CVL in CWMPL has increased from 52% to 62%.
Crest Ventures was incorporated to carry on the business of leasing, hire-purchase and investment in securities. It focuses on acquiring and investing in financial assets and real estate.