Edelweiss Financial Services’ wholly owned subsidiary - EFSL Comtrade has closed the transaction with fulfillment of the conditions precedent pursuant to the Share Sale & Purchase Agreement executed with Searock International (SIPL) on September 5, 2017, for sale of its wholly owned subsidiary in Singapore namely Cross Border Synergy (formerly Edelweiss Commodities) for a consideration of Rs 8.47 crore.
Consequent to the above, Cross Border Synergy ceased to be a subsidiary of EFSL Comtrade and in turn of the company.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.