Emkay Global Financial Services’ wholly owned subsidiary Emkay Insurance Brokers (EIBL) has finalized an arrangement with Ideal Insurance Brokers (Ideal) for transfer of entire insurance broking business of EIBL including non-compete fee to Ideal, for a consideration of Rs 1.71 crore.
EIBL has surrendered the original insurance broking license to IRDA among other documents to get IRDA final approval for transfer of Insurance broking business to Ideal Insurance Brokers. Further, EIBL will be executing the Business Transfer Agreement with Ideal after receipt of the final approval from IRDA.
Emkay Global Financial Services offers the entire gamut of advisory services under one roof. Right from investing, trading, research and financial planning to portfolio management services, it provides its clients with integrated, robust and reliable solutions to satisfy all their financial needs.
