The Centrum Group has signed an agreement to divest its full stake in Centrum Direct (CDL), its Money Exchange Business to EBIX Inc, an Atlanta based leading international supplier of On-Demand software and E-commerce services. The sale value is around Rs 1200 crore. The entire CDL team and assets will be transferred to EBIX Inc and will become a part of EbixCash, an end-to-end financial exchange.
Centrum Capital is an investment banking company, which offers a range of financial services in the areas of equity capital market, private equity, corporate finance, project finance and stressed asset resolution.
