Crest Ventures has entered into a Share Purchase Agreement (SPA) on May 15, 2018 for acquiring a stake of 48% held by Prebon Holdings BV in Tullett Prebon (India) (TPIL), its subsidiary company at a total consideration of Rs 4.52 crore subject to the regulatory approvals.
Subsequent to the above acquisition, the equity holding of the company will increase from 51.99% to 99.99%.
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.
