Centrum Capital soars with arm acquiring Supply Chain Finance Business of L&T Finance

01 Jan 2019

Centrum Capital is currently trading at Rs. 36.30, up by 0.65 points or 1.82% from its previous closing of Rs. 35.65 on the BSE.

The scrip opened at Rs. 36.80 and has touched a high and low of Rs. 37.50 and Rs. 36.30 respectively. So far 20252 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.30 on 16-Jan-2018 and a 52 week low of Rs. 30.00 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 37.90 and Rs. 34.65 respectively. The current market cap of the company is Rs. 1526.84 crore.

The promoters holding in the company stood at 37.57%, while Institutions and Non-Institutions held 0.70% and 61.74% respectively.

Centrum Capital’s subsidiary -- Centrum Financial Services has successfully acquired the Supply Chain Finance Business of L&T Finance (Business), consisting of an asset book of about Rs 650 crore in accordance with the Business Transfer Agreement executed on September 4, 2018.

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.

Related Centrum Capital Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323