Crest Ventures has acquired 30 equity shares of Crest Finserv (CFL), subsidiary of the company, at Rs 40 each aggregating to Rs 1,200 as the cost of acquisition. Consequent to the said acquisition, company's stake in CFL has increased from 99.99% to 100% and as a result, CFL has become a Wholly Owned Subsidiary of the company.
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.
